Jaya borrowed Rs.50000 for 2 years. The rates of interest for two successive years are 12% and 15% respectively. She repays Rs.33000 at the end of first year. Find the amount she must pay at the end of second year to clear her dept.
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Answer:
Answer is ₹26450
Step-by-step explanation:
P = ₹50000
T = 1 year
R = 12%
S.I. => P×R×T/100
=> 50000×1×12/100
=> 500×12
=> ₹6000
A => P + S.I.
=> ₹50000 + ₹6000
=> ₹56000 - ₹33000
=> ₹23000
P = ₹23000
R = 15%
T = 1 year
S.I. => P×R×T/100
=> 23000×15×1/100
=> 230×15
=> ₹3450
A => P + S.I.
=> ₹23000 + ₹3450
=> ₹26450
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