plz solve this...............
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Answer:
13440
Hello. I hope this helps you. Have a good day!
Step-by-step explanation:
Amount at start = 16000
After first year:
Interest accrued = 10% of 16000 = 0.1 × 16000 = 1600
Payment made = 5600
Amount outstanding = 16000 + 1600 - 5600 = 12000
After second year:
Interest accrued = 12% of 12000 = 0.12 × 12000 = 1440
Amount outstanding = 12000 + 1440 = 13440
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