Finding CI When Rate Compounded Anually or Semi - Anually
Mr. Kumar bor...
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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