a man borrows 100000 from a firm and under the agreement he agrees to pay 5000 at the end of each six month together with an intrest at 1% on the opening balance of each period find the total intrest which he pays on clearing the loan??
Answers
Answered by
3
10000
1 lakh divide by 5000 =20
in the he has to pay 20 times 5000 each after 6 months.
20 times is nothing but 10 years
so 100000×1×10÷100 = 10000
Answered by
4
Answer:
1000
Step-by-step explanation:
100000÷5000=20
he has to pay every 6 months
which is half year
20÷0.5=10
he has to clear it in 10 years
but we have to find the interest
1%of 100000=1000
1%of5000=50
50×20=1000
the answer is 1000
hope this helps you
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