Akash borrowed Rs 12000 from a bank at the rate of 6% for 8 years. After a certain period of time, the government introduced a scheme which reduced th...
Question
Akash borrowed Rs 12000 from a bank at the rate of 6% for 8 years. After a certain period of time, the government introduced a scheme which reduced the interest rate by 3%. At the end of 8 years, Akash paid Rs 16680 in total. After how many years was the scheme introduced?