ICSE Class 9 Answered
A loan taken at 20% C.I. per annum was repaid in 2 years by paying Rs. 2160 at the end of each year. How much loan was taken?
Asked by Topperlearning User | 31 Jul, 2017, 01:58: PM
Expert Answer
For the first payment:
A = Rs. 2160, n = 1 year and r = 20%
For the second payment:
A = Rs. 2160, n = 2 year and r = 10%
Hence, the amount of loan taken = Rs. 1800 + Rs. 1500 = Rs. 3300
Answered by | 31 Jul, 2017, 03:58: PM
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