37 Maths -- Compound Interest

A person took a loan of Rs. 350000 for two years at the rate of 10% annual compound interest. To reduce interest and the loan partly he/she paid Rs. 200000 at the end of first year.a)       a) Now, how much rupees should he/she has to pay at the end of second year to clear his/her debt?...

A person took a loan of Rs. 350000 for two years at the rate of 10% annual compound interest. To reduce interest and the loan partly he/she paid Rs. 200000 at the end of first year.

a)       a) Now, how much rupees should he/she has to pay at the end of second year to clear his/her debt? Find it.

b)       b) Find the total interest paid by him/her in two years.

c)        c) If he/she had paid the loan only at the end of second year, how much less or more interest should have to be paid? Find it.

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