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Answers
Answer:
1st year installment = Rs. 13,750
2nd year installment = Rs. 17,187.50
Step-by-step explanation:
Dude its very easy....just follow my steps....
1st year:
Principal = Rs . 20, 000
Rate of Interest = 25 % p.a.
Time = 1 year
Hence,
Compound Interest = Rs. {11,000 x 25 x 1} / 100
= Rs. 11,000/4
= Rs. 2,750
Hence, Amount = Rs. {11,000 + 2,750}
= Rs. 13,750
now as it is compound interest,
1st year's amount becomes 2nd years Principal
2nd year:
Principal = Rs . 13,750
Rate of Interest = 25 % p.a.
Time = 1 year
Hence,
Compound Interest = Rs. {13,750 x 25 x 1} / 100
= Rs. 11,000/4
= Rs. 3,437.50
Hence, Amount = Rs. {13,750 + 3,437.50}
= Rs. 17,187.50
Thus,
1st year installment = Rs. 13,750
2nd year installment = Rs. 17,187.50
Hope it helps you buddy....
And don't forget to mark it as brainliest if you like it....
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