Question

1. A man borrows 10,000 at 10% compound
interest compounded yearly. At the end of
each year, he pays back 30% of the sum
borrowed. How much money is left unpaid
just after the second year ?​

Answer 1

Sum=Rs.10,000

Rate of interest=10%

Interest for one year=

100

10000×10×1

=Rs.1000

Total amount=10000+1000=Rs.11000

At the end of first year he pay =30% of 10000=

100

30

×10000=Rs.3000

Amount left=11000−3000=Rs.8000

∴ Interest for second year=

100

8000×1×10

=Rs.800

Total amount aftre 2 year=8000+800=Rs.8800

He pay again rs 3000 then the amount left=8800−3000=Rs.5800

I hope answer is correct

please mark is brainlist