Question

someone plz answer this question step by step ​

Answer 1

It is given that

Amount borrowed by Jaya = 50000

Period (n) = 2 years

Rate of interest for two successive years are 12% and 15% respectively

We know that

Interest for the first year = Prt/100

Substituting the values

= (50000×12×1)/100

= 6000

So the amount after first year = 50000+6000=56000

Amount repaid = 33000

Here

Balance amount for the second year = 56000−33000=23000

Rate = 15%

So the interest for the second year =(230000×15×1)/100

  = 3450

Amount paid after second year = 23000 + 3450 = 26450.

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