Question

Raj borrowed a certain sum of money at compound interest and cleared this loan by paying RS 12600 at end of the first year and RS 17.640 at the end of second year find the sum borrowed
​

Answer 1

Answer:

Amount with interest paid at the end of first year = Rs. 12600.

A=P(1+

100

r

)

n

Principal at the starting of the first year =12600=P(1+

100

5

)

1

12600=105

100

P

P=

105

12600×100

P=Rs12000.

Amount with interest paid at the end of second year =Rs17640.

Principal at the starting of second year =17640=P(1+

100

5

)

1

17640=

100

105P

P=

105

17640×100

P=Rs16800

Total sum borrowed =12000+16800=Rs28800

hope it will help you

Answer 2

Answer:

sum=12617.64-CI is the correct

this is your answer or not