Question

10. If P = Rs.5000, R = 6%, A = Rs.6200, then I =
(1 Point
O
Rs 2700
O Rs.7200
O Rs 2100
Rs. 1200​

Answer 1

I think ans is Rs 1200 . hope is help you.

Answer 2

Answer:

minGiven Principle amount =Rs.6000

And,

Rate of interest =r=5% compounded annually

So,

Interest after 1year=6000×

100

5

×1=60×5=Rs.300

Total money owed after 1year=6000+300=6300

And,

Rs.1200 paid , So

Total money starting of second year =6300−1200=Rs.5100

And,

Interest after 2year=5100×5×1100=51×5=Rs.255

money owned after 2year=5100+255=5355

And,

Rs.1200 paid , So

Total money outstanding starting of Third year =5355−1200 =Rs.4155