..solve question no. 7
Answers
Answer:
Option(a) - 27.59
Step-by-step explanation:
Given that he borrows rs.200 at 5% C.I
Amount paid after one year = (200 * 105)/100
= 210.
Given that he pays back rs.50.
Remaining = 210 - 50 = 160.
Amount paid after second year = (160 * 105)/100
= 168
Given that he pays back rs.50.
Remaining = 168 - 50 = 118.
Amount paid after third year = (118 * 105)/100
= 123.9
Given that he pays back rs.50.
Remaining = 123.9 - 50 = 73.9.
Amount paid after 4 years = (73.9 * 105)/100
= 77.59
Amount he gets at the end of 4 years = 77.59 - 50
= 27.59.
Hope it helps!
Given that he borrows rs.200 at 5% C.I
Amount paid after one year = (200 * 105)/100
= 210.
Given that he pays back rs.50.
Remaining = 210 - 50 = 160.
Amount paid after second year = (160 * 105)/100
= 168
Given that he pays back rs.50.
Remaining = 168 - 50 = 118.
Amount paid after third year = (118 * 105)/100
= 123.9
Given that he pays back rs.50.
Remaining = 123.9 - 50 = 73.9.
Amount paid after 4 years = (73.9 * 105)/100
= 77.59
Amount he gets at the end of 4 years = 77.59 - 50
= 27.59.