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A Farmer Takes A Loan Of 45000 At 15 Percent Per Annum To Instal A Pump In His Filed .he Pays Back 15000 To The Bank Along With The Interest Due At The End Of The Second Year He Pays Back The Balance To The Bank . How Much Does The Farmer Pay To The Bank At The End Of The Second Year? - Math Discussion

A farmer takes a loan of 45000 at 15 percent per annum to instal a pump in his filed .he pays back 15000 to the bank along with the interest due at the end of the second year he pays back the balance to the bank . How much does the farmer pay to the bank at the end of the second year?