Amit borrowed Rs 4000 for 5 years. A paid Rs 5400 at the end of 5 years. How much will be have to pay on Rs 5600 in 3 years at the same rate as above?
Answers
Answered by
33
Answer:
he had to pay 6776
Step-by-step explanation:
solution------>
Given
- P = 4000
- N = 5
- A = 5400
as per 1st condition......
we will find s.i
now for 2nd condition
we have
- P= 5600
- n =3
- R =7%
Answered by
31
Dear Student,
● Answer -
Payment due after 3 years = 6776 Rs
● Explanation -
Suppose r be rate of interest.
Payment due = P (100 + r×t) / 100
5400 = 4000 (100 + r×5) / 100
100 + 5r = 5400 × 100 / 4000
5r + 100 = 135
5r = 135 - 100
5r = 35
r = 7 pcpa
After 3 years on Rs 5600 will be -
Payment due = P (100 + r×t) / 100
Payment due = 5600 (100 + 7×3) / 100
Payment due = 56 × (100 + 21)
Payment due = 56 × 121
Payment due = 6776 Rs
Hence, 6776 Rs will have to paid after 3 years.
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