Question

Radha borrowed rupees 40000 from an institute for 5 whole 1 by 2 years at the rate of 5% per annum. what amount did Radha pay to clear of her Debt...​

Answer 1

Correct option is

B

Rs. 17400

For the first two years,

Amount =40000+

100

40000×8×2

=40000+6400= Rs. 46400

Let x be the principal for the last 3 years.

Then, x+

100

x×8×3

=35960

⇒x+

25

6x

=35960

⇒

25

25x+6x

=35960

⇒

25

31x

=35960

⇒x=

31

35960×25

= Rs. 29000

∴ Amount paid back after the second year = Rs. 46400− Rs. 29000= Rs.17400.

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