Suppose you give someone 15000 with 12% of compound interest. After one year he pay you 5000. So what amount he pay u in second year so he completely paid money. ?
Answers
Answer:
₹ 30616 amount he pay me in second year so he completely paid money.
Step-by-step explanation:
Given Principal = ₹ 15000
Rate of interest = 12%
Time (T) = 1 year
For the first year,
Interest = P×R×T/100
= 15000×12×1/100
= 150×12 = 1800
Therefore, Amount = Principal + Interest
= 15000 + 1800 = 16800
Amount he paid = 5000
Therefore, Amount due = 16800 - 5000 = 11800
For the second year,
Principal = Amount of first year
= 16800
Therefore, Interest = P×R×T/100
= 16800×12×1/100
= 168×12 = 2016
Therefore, Amount = Principal + Interest
= 16800 + 2016 = 18816
Total money he pay = Amount for the second year + Amount due in the first year = 18816 + 11800 = 30616.(answer).
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Answer:
Hello here's your answer: rupees 13216
If you have any doubt than comment me.
hope u be happy with this answer.
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