.13. (a) Rs. 10,000 was borrowed at 75 % p.a. compound interest. Rs. 2000 was paid each year. What payment made at the end of the fifth year will clear the debt?
(b) The annual rent of a house is Rs. 60 payable in advance. If the rent is left unpaid for 3 years, how much is due to ou ner at the beginning of the 4th year including compound interest in all arrears at 4.5 %. 14. Divide Rs. 2708 between Ram and Shyam so that Ram's share
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Answer:
14.2
⇒ Company borrow Rs.10000 i.e. pv=Rs.10000 and I=5%=0.05. A is also given which is Rs.1000
⇒ Present value of annuity regular
⇒ pv=A×[
I×(1+I)
n
(1+I)
n
−1
]
⇒ 10000=1000×[
0.05×(1+0.05)
n
(1+0.05)
n
−1
]
⇒ (1.05)
n
−0.5×(0.5)
n
=1
⇒ (1.05)
n
=2
Taking log both sides
⇒ n=
log1.05
log2
∴ n=14.2years
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Answer:
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Step-by-step explanation:
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