Question

after 4 year 6 months to clear of his deber How much interest and the pay Aritro took a loan from a bank at 4 % pa simple interest for 2 years At the time of repayment he had to pay 3,510 as interest. Find the amount of the loan​

Answer 1

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Solution

For the first year,

For the first year,P=80000,R=10%, T=1

For the first year,P=80000,R=10%, T=1Interest=100P⋅R⋅T=100(80000⋅10⋅1)=8000

For the first year,P=80000,R=10%, T=1Interest=100P⋅R⋅T=100(80000⋅10⋅1)=8000Amount=Interest+Principle=80000+8000=88000

For the first year,P=80000,R=10%, T=1Interest=100P⋅R⋅T=100(80000⋅10⋅1)=8000Amount=Interest+Principle=80000+8000=88000For second-year principle will be the amount of the previous year (since interest is compounded annually).

For the first year,P=80000,R=10%, T=1Interest=100P⋅R⋅T=100(80000⋅10⋅1)=8000Amount=Interest+Principle=80000+8000=88000For second-year principle will be the amount of the previous year (since interest is compounded annually).P=88000,T=0.5,R=10%.

For the first year,P=80000,R=10%, T=1Interest=100P⋅R⋅T=100(80000⋅10⋅1)=8000Amount=Interest+Principle=80000+8000=88000For second-year principle will be the amount of the previous year (since interest is compounded annually).P=88000,T=0.5,R=10%.Interest=100P⋅R⋅T=100(88000⋅10⋅0.5)=4400

For the first year,P=80000,R=10%, T=1Interest=100P⋅R⋅T=100(80000⋅10⋅1)=8000Amount=Interest+Principle=80000+8000=88000For second-year principle will be the amount of the previous year (since interest is compounded annually).P=88000,T=0.5,R=10%.Interest=100P⋅R⋅T=100(88000⋅10⋅0.5)=4400Total amount=88000+4400

For the first year,P=80000,R=10%, T=1Interest=100P⋅R⋅T=100(80000⋅10⋅1)=8000Amount=Interest+Principle=80000+8000=88000For second-year principle will be the amount of the previous year (since interest is compounded annually).P=88000,T=0.5,R=10%.Interest=100P⋅R⋅T=100(88000⋅10⋅0.5)=4400Total amount=88000+4400                           =Rs. 92400

Answer 2

First year 1000
Second year amount 3000
Last year 4000