At the beginning of the year, a sum of Rs 500 was borrowed at a certain rate of interest. After 7 months, Rs 300 was borrowed again at half the previous rate of interest. At the year end, the total interest paid on both the loans amounted Rs 33.75. What was the rate of interest for the first loan?
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3
Answer:
Given:
(i) Anu borrowed rs.800 at rate of interest 10%.
(ii) He repaid rs.400 at the end of first year.
To find:
(i) Amount required to repay at the end of second year to discharge his loan.
Solution:
Given, the principal money (P) is Rs 800
Rate(R) = 10% p.a.
Time(T) = 2 years.
Simple Interest (SI) = PRT/100
= (800*10*2)/100
= Rs 160.
Total amount (A) to be repayed after 2 years
= P + SI
= Rs (800+160)
= Rs 960
So, amount to be payed on 2nd year = A - Amount payed in first year
= Rs (960-400)
= Rs 560
So, the required answer is Rs 560.
Answered by
3
Answer:
6.35555. . .
Step-by-step explanation:
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