Q 2 Sudhakar borrows Rs 22500 at 10% per annum, compounded annually If he repays Rs - Maths - Rational and Irrational Numbers

Question

Q 2 Sudhakar borrows Rs 22500 at 10% per annum, compounded annually
If he repays Rs 11250 at the end of first year and Rs 12250 at the
end of second year, find the amount of loan outstanding against him
at the end of third year

Neha Sethi · Accepted Answer

Dear student
Let the amount of loan outstanding against him at the end of third year=Rs xWhen Sudhakar borrows Rs 22500 at 10% per annum compounded interest
then CI=P1+R100n   where P=principal,R=rate of interest,n=timeCI=225001+0
13CI =225001
13If he repays  Rs 11250 at the end of first year, and Rs  12250  at the end of second year then,=112501
1+122501 12A T Qx+112501 1+122501 12=225001 13⇒x+12375+14822
5=29947 5⇒x+27197 5=29947
5⇒x=2750So, the amount of loan outstanding against him at the end of third year=Rs 2750
Regards

Q.2. Sudhakar borrows Rs. 22500 at 10% per annum, compounded annually. If he repays Rs. 11250 at the end of first year and Rs. 12250 at the end of second year, find the amount of loan outstanding against him at the end of third year.