Mr. and mrs.sood purchased a new house for 3,20,000 . Due to the rise of interest after 3years , they were unable to afford their mortgage repayments and had to sell the house for 2,85,000find (1) the loss incurred. (2) the loss percentage of their total costs
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Answered by
36
Answer:
value of the house-320000
SP=285000
32oooo-285000=35000
Loss=Rs 35000+Interest for 3 yrs
on Rs320000
Let xbe the interest on Rs 32oooo
for 3 yrs
Loss%= (35 ooo+x) 100/32oooo+x
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6
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