Question

A farmer borrowed 60,000 and agreed to repay with interest in a year in twelve monthly

installments. The first installment was 12,000. The next each installment was less than the

preceeding one by 1,000. Find the total amount he paid in the whole year. Find his 7" installment. What was the interest charged ? find the rate of interest charged per annum?​

Answer 1

Answer:

78000 has to pay in total

6000 in 7th month

Step-by-step explanation:

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