Question

ram singh buys a refigator for rs 4000 on credit. the rate of interest for the first year is 5% and on the second year is 15% how much it will cost him if he pays the amount after 2 years

Answer 1

Answer:

solution

Rs 4830

Step-by-step explanation:

Cost of washing machines =Rs 4000

Interest for first year =

100

5

×4000=Rs 200

therefore amount after 1 year =Rs 4200

Interest after 2nd year =

100

15

×4200=Rs•830

Hence cost after 2 years =Rs 4000 +Rs

830 =Rs 4830