A man borrows a sum of money and agrees to pay it off by paying Rs 3680 at the end of first year and Rs 9620 at the end of 2nd year. If the rate of S.I is 15%p.a ,find the sum borrowed
Answers
Answered by
1
Answer:
hello...
bro.....
this is your answer.......
For the payment of Rs. 43,200 at the end of the first year :
A = Rs. 43200 ; n = 1 year and r = 8 % . To find P.
A=P
1
(1+
100
r
)
n
⇒43200=P
1
(1+
100
8
)
1
⇒P
1
=Rs.43200×
108
100
=Rs.40000
For the payment of Rs. 34,992 at the end of the second year :
Rs.34922=P
2
(1+
100
8
)
2
⇒P
2
=Rs.34922×(
108
100
)
2
⇒P
2
=34922×
108
100
×
108
100
=Rs.30000
∴ Sum borrowed = Rs. 40000 + Rs. 30000 = Rs. 70000
hope this will help you mate............
mark me as brainliest........
pleaseeeeee........
Similar questions