Solution (Question:108194.0)

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Arjun Gangwar

· started a discussion

· 1 Months ago

Solution (Question:108194.0)

Sahi h ESI h assuming karke ans doge halaki theek h lakin bhai proper systematic and bhi to do

Abhinav Sinha

· commented

· 1 Months ago

Dear student, Please read the solution properly,
Best wishes,
Team TR

yogendra singh

· started a discussion

· 1 Months ago

solution (Question: 108194.0 )

please dont put wrong solutions please if you would be taking CI on 1 lac for 8% then amount be 116640 at the end to pay

Question:

A man borrowed some loan from a bank at the rate of 8% compound interest per annum and he repayed the whole amount of the loan by paying ₹50,000 and ₹62,640 at the end of first year and second year, respectively. The sum of the loan was:

Options:

A) ₹50,000

B) ₹1,00,000

C) ₹1,12,640

D) ₹1,50,000

Solution:

Ans: (b)

Let sum is 100

then amount will be 108 after each year

for the second year 108 percent=62640
then 100 percent= 58000

and for the first year,
50000+58000=108000
again 108 percent=108000
then total sum =100 percent sum= 108000/108=1000×100=100000

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