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Ashok borrowed 12,000 at some rate per c...

Ashok borrowed 12,000 at some rate per cent compound interest. After a year, he paid back रु 4,000. If compound interest for the second year be रु 920, find :
(i) the rate of interest charged
(ii) the amount of debt at the end of the second year.

Text Solution

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The correct Answer is:
(i) 10 % (ii) रु 10120
NA
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