Mathematics, 06.12.2020 16:10 ashgold324

A person borrows 15,000 for two years. Interest for the first year is charged at 12% per annum. The person repays 6,000 at the end of the first year. If the amount owed at the end of the second year is 12,042 find the rate of interest for second year.

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A person borrows 15,000 for two years. Interest for the first year is charged at 12% per annum. The...

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