Question

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?​

Answer 1

Answer:

874.75

Step-by-step explanation:

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Answer 2

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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