Question

A man browwed Rs 12000 at compound interest rate of 8% per anum for 2 years.the lander puts that condition that if the borrower fail to clear of his debt by the end of 2nd year.he will increase the rate of interest to 10% per annum . how much will the man have to pay the end of 3rd year to clear of his debt .

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Answer 1

Answer:

2436.8

Step-by-step explanation:

A=P(1+R/100)^N

A=12000(1+8/100)²

A=12000(1+2/25)²

A=12000(25/25+2/25)²

A=12000(27/25)²

A=12000×27/25×27/25

A=13996.8 rupees

C. I at the end of 2 years = A-P

=13996.8-12000

=1996.8 rupees

rate = 10-8

=2%

A=P(1+R/100)¹

A=12000(1+2/100)¹

A=12000(1+1/50)¹

A=12000(50/50+1/50)¹

A=12000×51/50

A=12440 rupees

C. I after an year = A-P

=12440-12000

=440 rupees

total Compound interest at the end of 3 years = 1996.8+440

=2436.8 rupees

I hope it will help you

Answer 2

Answer:

Question Solved

I hope it helps all.