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.
Answers
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
Answer:
Total Amount borrowed by Jaya = Rs.50,000
let us first calculate the interest on that amount in the first year
Interest=
100
Principle×Time×Rate
Interest=
100
50000×1×12
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=
100
23,000×1×15
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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