Mr Ram borrows 20000 for 2 years compounded annually the rate of interest for the two successive years at 9% and 10% respectively if he pays 1200 at the end of first year and Rupees 1660 at the end of second year find the amount outstanding at the beginning of the third year
Plz answer fast!!
Answers
Answered by
12
The answer of the standing amount
is 21000
Answered by
14
Answer:
22060
Step-by-step explanation:
CI for 1st year= 20000*9/100= 1800
since he pay 1200 i.e. remaining money 1800-1200=600
CI for 2nd year= 20600*10/100= 2060
total outstanding= 20000+2060= 22060
Similar questions