Question

A borrows Rs 5000 from B at 8% p.a

Q: Answer-A borrows Rs 5000 from B at 8% p.a compound interest compounded annually. At the end of every year h...

At the end of the 1st year Amount 5000 times 108 Rs. 5400 Rest amount 5400 ndash 2000 Rs. 3400 At the end of 2nd year Amount 3400 times 108 Rs. 3672 Rest amount 3672 ndash 2000 Rs. 1672 At the end of 3rd year Amount 1672 times 108 Rs. 1805.76

compound interest compounded annually. At the end of every year he pays Rs 2000 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?

A Rs. 4513.75

B Rs. 7272

C Rs. 1805.76

D Rs. 3800

E Rs. 4235

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A borrows Rs 5000 from B at 8% p.a

Solution