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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Answered by
2
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
Answered by
3
Total Amount borrowed by Jaya = Rs.50,000
let us first calculate the interest on that amount in the first year
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.
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