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रु 8,000 is lent out at 7% compound inte...

रु 8,000 is lent out at 7% compound interest for 2 years. At the end of the first year रु 3,560 are returned. Calculate :
(i) the interest paid for the second year.
(ii) the total interest paid in two years
(iii) the total amount of money paid in two years to clear the debt.

Text Solution

Verified by Experts

The correct Answer is:
(i) रु 350 (ii) रु 910 (iii) रु 8,910
NA
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