a man borrows rupees 6000 at 5% per annum if he pays 12000 Rupees at the end of each year find the amount of the loan outstanding at the beginning of the third year
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Hello here's your answer: rupees 4155
I want to inform you that the person pays rupees 1200 at the end of each year ,not rupees 12000.
sorry for taking out your mistake .
If you have any doubt than comment me .
hope u be happy with this answer.
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