a man borrowed 4000 from bank and he will return 1500 in every year if the rate of interest is 15% what rupee he will pay after 3 years?
Answers
Answered by
1
Answer:
874.75
Step-by-step explanation:
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Answered by
31
Answer:
Rs. 874.75
Step-by-step explanation:
Amount After 1st year
= Rs. [ 4000 ( 1 + 15/100 ) - 1500 ]
= Rs. [ ( 4000 × 23/20 ) - 1500 ]
= Rs. ( 4600 - 1500 )
= Rs. 3100
Amount After 2nd year
= Rs. [ 3100 ( 1 + 15/100 ) - 1500 ]
= Rs. [ ( 3100 × 23/20 ) - 1500 ]
= Rs. ( 3565 - 1500 )
= Rs. 2065
Amount After 3rd year
= Rs. [ 2065 ( 1 + 15/100 ) - 1500 ]
= Rs. [ ( 2065 × 23/20 ) - 1500 ]
= Rs. ( 2374.75 - 1500 )
= Rs. 874.75
I hope this will help you dear..
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