R = 20 % P.A Paid back after 1st year = 1200
Paid back after year to clear the loan = 1440
Let, P = x
Then = \left ( \frac{120}{100}x-1200 \right )\times \frac{120}{100}=1440
\frac{(120x-12000)}{100}=\frac{144000}{120}
1440x=\frac{2880000}{1440}
x=2000
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