Arjun took a loan of 25000 rupees from a bank which charges 10%
interest compounded annually. After one year he repaid 10000rupees.
How much should he repay to close the loan after one more year?
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Answer:
He has to repay 17500
Step-by-step explanation:
to do this find the 10% of 25000 which is 2500 and then subtract the 10% and then subtract 10000 to get the answer
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