Question

3. Rajesh borrows ` 6000 at 5% p.a. compound interest. If he repays `1200 each year find the loan outstanding at the beginning of the third year.​

Answer 1

Answer:

I don't know iam sorry sorry sorry

Answer 2

Answer:

So, the amount at the beginning of the 3rd year will be 5355-1200. the amount at the beginning of the 3rd year will be Rs. 4155. Hence, we get the amount of the loan outstanding at the beginning of the third year is Rs 4155.00