Question

10. Raju borrowed * 5500 from a friend. He paid back 3000 at the end of 1 year and the
1
1
remaining amount after 2 years at 5% p.a. Calculate the amount after 2
years. If
2
2
1
he pays the whole amount after 3 years at 7% p.a., how much more does he need to
2
pay?
invested 7000 at 5% na. At what rate of​

Answer 1

Step-by-step explanation:

simple interest= p×r×t/100

5500×3000×1/100

165000

amount=p(1+r/100) time

5500(1+2/5)5

55×10

550/5×100

110

amount=p(1+r/100) time

5500(1+7/100)3

55×21

1155

rate= I×100/ p× t

7000×100/5500×5

7000/275

25.45454545