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Mr. Ram borrows Rs. 20,000 for 2 years c...

Mr. Ram borrows Rs. 20,000 for 2 years compounded annually. The rate of interest for the two successive years are 9% and 10% respectively. If he repays Rs. 1,200 at the end of the first year, Rs. 1,660 at the end of second year, find the amount outstanding at the beginning of the third year.

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Rs 2060
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