Question

..solve question no. 7

Answer 1

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!

Answer 2

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.