Question

jaya borrowed 50000 Tor 2 years. The rates of interest for two successive vears are 12%and
15% respectively. She repays 33000 at the end of first year. Find the amount
she must pay at the end of second year to clear her debt.

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Answer 1

See first rhe rate of interest are 12% and 15% so it should be 6000 and 7500 and this should be paid in with 50000 so=50000+6000+7500=63500 but she only pays 3300p so remaining money = 63500-33000=30500

Answer 2

Total Amount borrowed by Jaya = Rs.50,000

let us first calculate the interest on that amount in the first year

$interest = \frac{principal \times time \times rate}{100}$

$interest = \frac{50000 \times 1 \times 12}{100}$

Interest=Rs 6000

So,Jaya has to pay an interest of Rs. 6,000 by the end of the first year.

But she has paid an amount of Rs. 33,000

So,she has cleared a debt of Rs.33,000−Rs.6,000=Rs.27,000

Remaining debt of Jaya = Rs.50,000−Rs.27,000=Rs.23,000

By the end of the second year she has to pay an interest for an amount of Rs.23,000

Interest= 10023,000×1×15

Interest=Rs.3,450

So the total amount she has to pay to clear her debt= Amount+Interest

=Rs.23,000+Rs.3,450

=Rs.26,450

So, Jaya has to pay a total amount of Rs.26,450 to clear her debt.