Question

Rakesh borrowed = 60,000 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, then find the amount of loan
outstanding at the beginning of the third year.
a) ₹20,664
b) ₹20,832
c) ₹26,664
d) ₹24,664​

Answer 1

Step-by-step explanation:

a)₹20,664

b)₹20,832

c)₹26,664

d)₹24,664