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A man borrows रु 8,000 at 10% compound i...

A man borrows रु 8,000 at 10% compound interest payable every six months. He repays रु 2,500 at the end of every six months. Calculate the third payment he has to make at the end of 18 months in order to clear the entire loan.

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To solve the problem step by step, we will calculate the amount owed after each payment and the interest accrued. ### Step 1: Calculate the interest for the first 6 months - Principal (P) = रु 8,000 - Rate of interest (R) = 10% per annum (which is 5% for 6 months) - Time (T) = 6 months = 0.5 years Using the formula for Simple Interest (SI): ...
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