Question
A borrows Rs 10000 from B at 20% p.a
compound interest compounded annually. At the end of every year he pays Rs 5000 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 = 10000 × 120% = Rs. 12000
Rest amount = 12000 – 5000 = Rs. 7000
At the end of 2nd year:
Amount = 7000 × 120% = Rs. 8400
Rest amount = 8400 – 5000 = Rs. 3400
At the end of 3rd year:
Amount = 3400 × 120% = Rs. 4080
More Simple and compound interest Questions
14 × 11 + 25 – ? = 21% of 300
115 ÷ 23 + 12 × 6 = ? + 16 - 35
(13 X 11) + (19 X 3) = 400% of √?
What will come in the place of question mark (?) in the given expression?
133 ÷ 19 X √576 + ? ÷ 2 = 32 X 7.536.76 + 2894.713 + 34965.11 =?
13 X ? = 85 X 4 + √81 + 2
40% of 220 × 15 ÷ 20 = ?
(144 ÷ 4)² × (72 ÷ 12)³ = 12 ×? × (25920 ÷10)
