Question

A borrows Rs 8000 from B at 10% p.a

Q: Answer-A borrows Rs 8000 from B at 10% p.a compound interest compounded annually. At the end of every year...

At the end of the 1st year Amount 8000 times 110 Rs. 8800 Rest amount 8800 ndash 2500 Rs. 6300 At the end of 2nd year Amount 6300 times 110 Rs. 6930 Rest amount 6930 ndash 2500 Rs. 4430 At the end of 3rd year Amount 4430 times 110 Rs. 4873

compound interest compounded annually. At the end of every year he pays Rs 2500 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. 3076.8

C Rs. 5960

D Rs. 2952

E Rs. 4873

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A borrows Rs 8000 from B at 10% p.a

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