A man borrow rs12000 at 10% per annum compound interest. If he repays rs3500 at the end of 1st year and rs3800 at the end of 2nd year , find the amount of loan outstanding at the beginning of the year
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Answer:
5900
Step-by-step explanation:
Take our the percent of 12000at10 percent=13200
Add 3500+3800=7300
subtract 13200-7300=5900
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