A borrowed Rs. 28,500 at 8% p.a. interest compounded annually. If Rs. 5,780 was paid by him at the end of the first year, then the outstanding amount at the end of the second year will be∶

A borrowed Rs. 28,500 at 8% p.a. interest compounded annually. If Rs.

1.	A borrowed Rs. 28,500 at 8% p.a. interest compounded annually. If Rs. 5,780 was paid by him at the end of the first year, then the outstanding amount at the end of the second year will be∶
A.	Rs. 27,000.00
B.	Rs. 27,462.40
C.	Rs. 30,780.00
D.	Rs. 33,242.40
Answer» B. Rs. 27,462.40

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A borrowed Rs. 28,500 at 8% p.a. interest compounded annually. If Rs. 5,780 was paid by him at the end of the first year, then the outstanding amount at the end of the second year will be∶

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