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Question

Mr. Kumar borrowed Rs. 15,000 for 2 years. The rate of interest being 8% & 10% for respective years. If he repays Rs. 6,200 at the end of 1st year, find the Amount outstanding at the end of the 2nd year.


A

Rs.10,000

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B

Rs.12,000

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C

Rs.16,000

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D

Rs.15,000

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E

Rs.11,000

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