gautam takes a loan of ₹16000 for 2 years at 15%p.a CI. He repays ₹9000 at the end of first year . How much must he pay at the end of 2nd year to clear his debt?
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ci1=16000*15/100=160*15=2400
a1=16000+2400=18400
amount left=18400-9000=9400
c12=9400*15/100=94*15=1410
amount to be paid at the end of 2nd year=9400+1410=10810
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