A man borrowed a certain sum of money at paid it back in two years in two equal instalments. If the rate of C.I. was 4% p.a. and if he paid back ₹.676 annually, what sum did he borrow?
Answers
Answered by
1
Answer:
sum borrowed= Present Worth of Rs.882 due 1 year hence + Present Worth of Rs.882 due 2 year
⇒
(1+
100
5
)
1
882
+
(1+
100
5
)
2
882
⇒
100
105
882
+
(
100
105
)
2
882
⇒
21
882×20
+
21×21
882×20×20
⇒840+800=1640
Answered by
1
Answer:
this is the answer
Step-by-step explanation:
The sum borrowed= Present Worth of Rs.882 due 1 year hence + Present Worth of Rs.882 due 2 year
⇒
(1+
100
5
)
1
882
+
(1+
100
5
)
2
882
⇒
100
105
882
+
(
100
105
)
2
882
⇒
21
882×20
+
21×21
882×20×20
⇒840+800=1640
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