A man borrows rs 6000 at 5% intrest,on reducing balance,atthe start of the yer,if he repays rs 1200 at the end of each year,find the amount of loan outstanding at the begining of the third year?

• Interest @ 5%
  6000*5/100 =300
  
  Amount paid at the end of 1st year => 1200
  
  Balance Amount at the start of 2nd year=> 6000+300 -1200=5100
  
  Interest @ 5%
  5100*5/100 =255
  
  Amount paid at the end of 2nd year => 1200
  
  Balance Amount at the start of 3rd year=>5100+255-1200= 4155
• 12 years agoHelpfull: Yes(3) No(0)
• 4155
  5100+255-1200= 4155
• 12 years agoHelpfull: Yes(0) No(1)