"A man borrows money from a finance company and has to pay it back in two
Channel: Doubtnut
Date: 12/04/2020

"A man borrows money from a finance company and has to pay it back in two equal
half-yearly instalments of Rs. 7,396 each. If the interest is charged by the finance
company at the rate of 15% per annum, compounded semi-annually, find the
principal and the total interest paid."