A) Rs. 16200
B) Rs. 17400
C) Rs. 18600
D) None of these
Correct Answer: B
Solution :
Total borrowed money \[=Rs.\,40000\] and rate of interest = 8 % The interest for \[2\,yr=\frac{40000\times 8\times 2}{100}\] \[=Rs.\,6400\] Let he paid Rs. x at the end of second year. Interest will be calculated on \[Rs.\,(40000-x+6400)\] Interest for \[3\,yr=\frac{(46400-x)\times 3\times 8}{100}\] \[=Rs.\frac{6}{25}(46400-x)\] \[\therefore \] \[\frac{6}{25}(46400-x)+46400-x=35960\] \[\Rightarrow \] \[11136-\frac{6x}{25}+46400-x=35960\] \[\Rightarrow \] \[\frac{31x}{25}=21576\] \[\Rightarrow \] \[x=\frac{21576\times 25}{31}=Rs.17400\]You need to login to perform this action.
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