Question

pramod borrowed rupees 60000 at 12% per annum compound interest if he pays 50% of the sum borrowed at the end of the first year and 50% of the remaining loan at the end of the second year find the amount of loan outstanding at the beggining of third year plz answer it i will mark you as brainlist

Answer 1

Answer:

Rs 23064

Step-by-step explanation:

pramod borrowed rupees 60000

Rate of interest = 12% per annum

Interest in 1 year = 60000 * 12 * 1 /100 =  7200

He pays = Rs 60000/2 = Rs 30000

in 30000 , Rs 7200 is adjusted agaqinst Interest

& 22800 is Paid against Loan

Remaining Lon Amount = 60000 - 22800 = 37200 Rs

Interest for 2nd Year = 37200 * 12 * 1 /100  = Rs 4464

Paid = 37200/2 = 18600 Rs

Remaining Loan = 37200 + 4464 - 18600 =  Rs 23064

Rs 23064 is the amount of loan outstanding at the beginning of third year

Answer 2

answer

: 26,664 this is the answer i know