soni lent gita sum of Rs 50000 at the rate of 4 paisa per rupee per month. How much interes will she get from Gita at the end of 3 years
Answers
Answer:
Jaya borrowed Rs. 50,000 for 2 years. The rates of interest for two successive years are 12% and 15% respectively. She repays Rs. 33,000 at the end of the first year. Find the amount she must pay at the end of the second year to clear her debt.
Easy
Solution
verified
Verified by Toppr
Total Amount borrowed by Jaya = Rs.50,000
let us first calculate the interest on that amount in the first year
Interest=
100
Principle×Time×Rate
Interest=
100
50000×1×12
Interest=Rs 6000
So,Jaya has to pay an interest of Rs. 6,000 by the end of the first year.
But she has paid an amount of Rs. 33,000
So,she has cleared a debt of Rs.33,000−Rs.6,000=Rs.27,000
Remaining debt of Jaya = Rs.50,000−Rs.27,000=Rs.23,000
By the end of the second year she has to pay an interest for an amount of Rs.23,000
Interest=
100
23,000×1×15
Interest=Rs.3,450
So the total amount she has to pay to clear her debt= Amount+Interest
=Rs.23,000+Rs.3,450
=Rs.26,450
So, Jaya has to pay a total amount of Rs.26,450 to clear her debt
i wrote jaya sorry . mark me brainlist if it helps u