Mathematics · Compound Interest
A person borrows ₹20,000 at 25% compound interest per year, compounded annually. At the end of every year, he pays ₹2,500 as part payment. How much does he still owe after two such instalments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹25,725✓
- 2₹25,925
- 3₹25,825
- 4₹25,625
Correct answer
₹25,725
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