Question

person borrowed a loan of rupees 200000 on the condition that he will have to pay the interest of rupees 10000 if he paid rupees 40000 after the first year and then rupees 2000 less every are there after in how many years did you clear the whole debt

Answer 1

in 5 years he would complete his whole debt

Answer 2

Answer:

6 year

Step-by-step explanation:

The person borrowed = Rs 200,000

The interest to be paid = Rs 10,000

The total amount to be repaid = Rs ( 200,000 + 10,000 )

                                                        = Rs 210,000

After first year he paid = 40,000

Remaining amount =  210000 -40000 = 170,000

Second year he paid = 40,000 - 2000 = 38000

Remaining amount = 132000

Third year paid = 36000

Remaining amount = 96000

Fourth year he paid = 34000

Remaining amount  = 62000

Fifth year paid = 32000

Remaining amount = 30000

Sixth year = 30000

Remaining amount = 0

So he clears the total debt in 6 year.