13. A person borrowed 8,000 to buy a
machine. If the rate of compound interest is
10p.c.p.a. what amount will he pay at

2 thoughts on “13. A person borrowed 8,000 to buy a<br />machine. If the rate of compound interest is<br />10p.c.p.a. what amount will he pay at”

1. Answer:

   this is the question

   A man borrowed Rs.80000 at the rate of 10% p.a. compound interest, interest being compounded annually. How much amount should he have repaid at the end of the first year, if by repaying Rs.55000 at the end of the second year he can clear the loan?

   Option 1)

   Rs.38000

   Option 2)

   Rs.33000

   Option 3)

   Rs.45000

   Option 4)

   Rs.50000

   Option 5)

   Rs.40000

   Step-by-step explanation:

   this is the answer

   P= 80000

   R = 10 % ‘

   after first year amount = 88000

   10 % rate compounded annually

   If we paid 55000 at the end of the 2nd year it means we paid 110 % of amount left after paid certain from the 1st year . C.I always calculated on previous year amount

   So that certain amount is paid after first year then the remaining amount is equal to 50000.

   i.e the certain amount paid after 1st year is equal to the 

   Reply

2. Answers

   P= 80000

   R = 10 % ‘

   after first year amount = 88000

   10 % rate compounded annually

   If we paid 55000 at the end of the 2nd year it means we paid 110 % of amount left after paid certain from the 1st year . C.I always calculated on previous year amount

   = \frac{55000}{110} \times 100 = 50000

   So that certain amount is paid after first year then the remaining amount is equal to 50000.

   i.e the certain amount paid after 1st year is equal to the = 88000 -50000= 38000

   Please mark as brainliest

   Please follow

   Reply