Ashok borrowed Rs 12000 at some rate percent compound interest. After a year, he paid Rs 4000 back. If compound interest for second year be Rs 920, find:
i. rate of interest charged
ii. the amount of debt at the end of the second year.
Find without using formula.
Dear student
It is difficult to calculate without using formula.
So, I am showing the solution of the question with the help of formula
Regards
It is difficult to calculate without using formula.
So, I am showing the solution of the question with the help of formula
Regards