Question

Ramesh took a loan of Rs 50,000 from Urmila at the rate of 10% per annum. If he paid half of the principal and all the interest at the end of 3 years, in how many years should he pay the remaining amount with the total interest of Rs 20,000 from the beginning?​

Answer 1

Answer:

P=80000

R = 10 % ‘

after first-year amount = 88000

10 % rate compounded annually

If we paid 55000 at the end of the 2nd year it means we paid 110 % of the amount left after paid certain from the 1st year. C.I always calculated on the previous year amount

= \frac{55000}{110} \times 100 = 50000

So that a certain amount is paid after the first year then the remaining amount is equal to 50000.

i.e the certain amount paid after 1st year is equal to the = 88000 -50000= 38000

Step-by-step explanation:

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