Question

QUES-1. A man borrowed Rs3000 at 8% pa at compound interest. At the end of a year he repaid Rs1200,partly as interest for the first year and partly to reduce the debt. At the end of the second year Rs1300. Find the sum he should at the end of the third year to meet the interest and to clear off the debt. QUES-2.Ram singh bought a refrigerator for Rs4000 on credit. The rate of interest for the first year is 5% and for the second year is 15%. How much will it cost him,if he pays the amount after 2 years?

Answer 1

Step-by-step explanation:

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