Question

Ram borrows 14000/- for 2 years at 10% per annum compound interest. he pays 8000/- at end of first year. find the amount be pays at the end of first year before making the repayment,the principal of second year.

Answer 1

Step-by-step explanation:

=14000 x 10%

2

=70000

8000

= 8.75%