A man takes a loan of 1,00,000 from a bank at 10% per annum compound interest
it he repays 132,000 at the end of the first year and '59,600 at the end of the second
year, find the loan money outstanding at the end of the third year.
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Hello here's your answer: rupees 51568
In your question there's a mistake that you have informed that the man repays 132000at the end of the first year but I think so it would be, that the man repays 13200 at the end of the first year.
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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