Amit borrowed Rs. 18250 from a finance company on 5 october, 1997, if the annual
of interest is 11%, how much has he to pay back on 13 April, 1999?
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year 1997=18250*11%*1/12=167.30
18250-167.30=18082.70
year1998=18082.70*11%*1/12=165.75
18082.70-165.75=17916.95
year 1999=17916.95*11%*6/12=985.83
17916.95-985.83=16931.52answer
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