Question

12. A man borrows 10,000 at 10% compound
interest compounded yearly. At the end of
each year, he pays back 20% of the amount
for that year. How much money is left unpaid
Just
just after the second year ?

urgent Answer : ₹7744​

Answer 1

Step-by-step explanation:

your answer is here

ANSWER

Sum=Rs.10,000

Rate of interest=10%

Interest for one year= 10010000×10×1 =Rs.1000

Total amount=10000+1000=Rs.11000

At the end of first year he pay =30% of 10000=1003 ×10000=Rs.3000

Amount left=11000−3000=Rs.8000

∴ Interest for second year= 1008000×1×10 =Rs.800

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

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

December 26, 2019

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