Question

Mr kumar borrowed Rs 15000 for 2 years.The rate of onyerest for the two successive years are 8% and 10% respectively if he repays Rs 6200 at yhe end pf the first uear find the outstanding amount at the end of the second year.​

Answer 1

Answer:

Rs. 11,000

Step-by-step explanation:

1st Year 15000 + 8% = 16200

Repayment of 6200

So Outstanding At 2ed Year Start

16200 - 6200 = 10000

2ed Year

10000 + 10% = 11000