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Ranbir borrows रु 20,000 at 12 per cent ...

Ranbir borrows रु 20,000 at 12 per cent C.I. If he repays रु 8,400 at the end of first year and रु 9,680 at the end of second year, find the amount of loan outstanding at the beginning of the third year.

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To find the amount of loan outstanding at the beginning of the third year, we will follow these steps: ### Step 1: Calculate the interest for the first year. The formula for calculating simple interest is: \[ \text{Interest} = \frac{P \times R \times T}{100} \] Where: ...
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