year. Find the amount outstanding at the beginning of the third year.
18 Jaya borrowed 50000 for 2 years. The rates of interest for two successive years are
12% and 15% respectively. She repays 33000 at the end of first year. Find the amount
she must pay at the end of second year to clear her debt.
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3
Answer:
Loan. .50000
Int for Istyr=50000x12/100=6ooo
Total = 56000
Amt. Repaid=33ooo
Balance =23ooo
Int.for 2ndyr. =23000x15/100
230x15=3450
Total amount to be paid to clear
debt=23ooo+3450 = Rs 26450
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0
Answer:
The rates of interest for two successive years are12% and 15% respectively. ... Find the amountshe must pay at the end of second year to clear her debt. ... HVuut outstanding at the beginning of the third year.18 Jaya borrowed 50000 for 2 ... Find the amount of Rs 12500 for 2 years compound annually, the rate of interest ...
Explanation:it will help you
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