Questions


August 2021 0 17 Report
R = 20 % P.A Paid back after 1st year = 1200

Paid back after year to clear the loan = 1440

Let, P = x

Then = \left ( \frac{120}{100}x-1200 \right )\times \frac{120}{100}=1440

\frac{(120x-12000)}{100}=\frac{144000}{120}

1440x=\frac{2880000}{1440}

x=2000

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