Thomas took out a loan of 15000 rupees from a bank which charges
12% interest, compounded annually. After 2 years, he paid back
10000 rupees. To settle the loan, how much should he pay at the end
of three years?
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Answer:
3200 he gave the end of three year
because of thomas took loan of 15000 and bank charges 12%
bank charges 1800
15000-1800=13200
he gave10000 after 2 year
after 3 year 13200-10000=3200
answer is = 3200
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