Question

Jairam purchased a house in Rs. 15000 and paid Rs. 5000 at once. Rest money he promised to pay in

annual installment of Rs. 1000 with 10% per annum interest. Money is to be paid by Jairam is A. Find

A/100.

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Answer 1

Answer:

the answer will be 20,500 of this question

please mark me brainliest

Answer 2

Answer:

₹20500

Step-by-step explanation:

Money paid = Rs. 5000

To be paid = Rs. 10000 in installments

He pays Rs. 1000 in each annual installment with 10% interest  

So, he pays the rest amount in 10 years

Interest for the 1st year = 10000*1*10/100= 1000

Interest for the 2nd year = (10000-1000)*1*10/100

                                         = 9000*1*10/100= 900

Similarly, for rest of the years

Total interest paid = 1000+900+800+700+600+500+400+300+200+100=5500

Total money paid=10000+5500+5000=Rs. 20,500