Question

A man borrowed a sum of money and agree to pay off 6300 Rs at the end of first year and 8820 Rs at the end of second year. If the rate of compound interest is 5%per annum, find the sum borrowed

Answer 1

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Answer 2

Answer:

Step-by-step explanation:a man borrowed a sum of money and agree to pay off by paying 6300 at the end of the first year and 8820 at the end of the second year.if the rate of compound interest is 5% per annum find the sum borrowed