ram borrows rs 16000 at 15 % p.a compounded annually if he repays rs 4500 at the end of each year how much loan is outstanding against him at the beginning of 4 year please answer this correctly and as fast as you can
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P = 6000 per month , R = 5% After 1 yearInterest = PRT100 = 6000 × 5 × 1100 = 300 New principle will be 6000 + 300 = 6300 but Rs 1200 was repaid P^' ..
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