c) Jaya borrowed50,000 for 2 years. The rates of interest for two succ

1.	c) Jaya borrowed50,000 for 2 years. The rates of interest for two successiveyears are 12% and 15% respectively She repays 33,000 at the end of thefirst yecr. Find the amount she must pay at the end of the second year toclear her deht.
Answer» SI = PRT/100 For first yearP = 50000, R = 12%, T = 1SI = 50000121/100 = 50012 = 6000 Total amount after one year = 50000 + 6000 = 56000 But she repay 33000. Then remaining debt = 56000 - 33000 = 23000 For second yearP = 23000, R = 15%, T = 1SI = 23000151/100 = 23015 = 3450 Total amount after second year she has to pay to clear debt= 23000 + 3450 = 26450

c) Jaya borrowed50,000 for 2 years. The rates of interest for two successiveyears are 12% and 15% respectively She repays 33,000 at the end of thefirst yecr. Find the amount she must pay at the end of the second year toclear her deht.

Answer»

SI = P*R*T/100

For first yearP = 50000, R = 12%, T = 1SI = 50000*12*1/100 = 500*12 = 6000

Total amount after one year = 50000 + 6000 = 56000

But she repay 33000. Then remaining debt = 56000 - 33000 = 23000

For second yearP = 23000, R = 15%, T = 1SI = 23000*15*1/100 = 230*15 = 3450

Total amount after second year she has to pay to clear debt= 23000 + 3450 = 26450