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A man borrows Rs.6000 at 5% interest, on reducing balance, at the start of the year. If he repays Rs.12 at the end of each year, find the amount of loan outstanding, in Rs. at the beginning of the third year.
Correct Answer: (c)
Official keyThis question appeared in the GOA Prelims 2024 examination (Screening Test). It is Question 61 out of 73 questions in this paper.
This question was part of the GOA Prelims 2024 (Screening Test). The GOA Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all GOA Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.