16. At the time of house building a man takes a
loan of 20,000 at the rate of 15% simple
interest per annum and after 1 year at the
time of daughter's marriage he takes another
loan of? 15,000 from local cooperative at
the rate 12% simple interest. After 3 years
of daughter's marriage he got 56,000 as
retirement gratuity. If he repays both the loans
with interest then after repayment of loan
how much cash money will be left with him?
Answers
Answered by
0
Answer: 3600
Step-by-step explanation: 20000*15*4/100
= 3000 (SI)*4= 12000
20000+12000= 32000
15000*12*3/100
150*36
= 5400
= 15000+5400
= 20400
= 32000+20400
= 52400
= 56000-52400
= 3600(Money left with him)
Similar questions