- ARs 12400
- BRs 13400
- CRs 10000
- DRs 12000
Step-by-Step Solution
After 1 year amount = 16000 * 1.15 = 18400. After paying 6000, balance = 18400 - 6000 = Rs 12400.
Answer: A) Rs 12400
A man takes a loan of Rs 16000 at 15% per annum compounded annually. He repays Rs 6000 at the end of the first year.
How much does he still owe just after that repayment?
Class 8Compound InterestComparing Quantities
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