Question
A borrows Rs 5000 from B at 8% p.a 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?Solution
At the end of the 1st year: Amount = 5000 × 108% = Rs. 5400 Rest amount = 5400 – 2000 = Rs. 3400 At the end of 2nd year: Amount = 3400 × 108% = Rs. 3672 Rest amount = 3672 – 2000 = Rs. 1672 At the end of 3rd year: Amount = 1672 × 108% = Rs. 1805.76
Who was awarded the Man Booker International Prize 2017?
What is the currency of Albania?
Return on Investment may be improved by:
In a certain code STRONG is written as QUPPLH, How would ASPIRE be written in that code?
With which act social security was introduced in India?
Who is currently serving as the chairman of the Central Board of Direct Taxes (CBDT)?
______ state has launched the School of Eminence Scheme recently?
Who will be awarded the 1st Mufti Mohammad Sayeed Award for Probity in Public Life?
Which Indian bank became the first major bank to join the Partnership for Carbon Accounting Financials (PCAF)?
Who has taken over India's National Carrier Air India with a deal of 18,000 crores?
