thejas took out a loan of 20000 rupees from a bank, which charges 8% interest compounded annually.He paid back 10000 rupees after 2 years. How much should he after one more year to settle the loan?
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first of all you calculate 20000 intrest plus money after two years
this is 23328
he pay 10000 so less money is 13328
count intrest on it for one year is
14394.24 pay for sattle loan...
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this is you answer
hope its help
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