Mr. Ravi borrows Rs 16,000 for 2 years. The rate of interest for the two successive years are 10% and 12% respectively. If he repays Rs 5,600 at the end of first year, find the amount outstanding at the end of the second year.
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Mr britto borrowed rs 28000 for 2 years. The rate of interest for the successive years are 8% and 10% respectively. If he repays rs 5420 at the end of the first year, find the outstanding amount at the end of the second year
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