Question
A borrows Rs 5000 from B at 15% p.a
compound interest compounded annually. At the end of every year he pays Rs 1250 and at the end of 3rd years he pays all the amount, how much amount does he pay at the end of the 3rd year?Solution
At the end of the 1st year:
Amount = 5000 × 115% = Rs. 5750
Rest amount = 5750 – 1250 = Rs. 4500
At the end of 2nd year:
Amount = 4500 × 115% = Rs. 5175
Rest amount = 5175 – 1250 = Rs. 3925
At the end of 3rd year:
Amount = 3925 × 115% = Rs. 4513.75
More Simple and compound interest Questions
√324 * 6 – 20% of 180 + ? = 130% of 150
What is the value of 143 + 163 + 183 + … + 303?
(2/?) x (3/16) x (2/15) x 60 = 1/3
154 × 7 + 480 × 5 =?% of 6956
- What will come in the place of question mark (?) in the given expression?
40% of (320 ÷ 4) + 2² X 25 = ? + 42 (5/8 of 480 - 30% of 420)² ÷ (√81 + 25% of 320) = ?
17% of 250 + ? = 108
Simplify the following expression and find the final value:
(18 ÷ 6 of 2 + 7 of 5) ÷ 5
