Rs. 10.000 is lent out at 8%4 pointscompound interest for 2 years. At

1.	Rs. 10.000 is lent out at 8%4 pointscompound interest for 2 years. At theend of the first year Rs. 2800 arereturned. Calculate (i) The interestpaid for the second year(ii) The totalinterest paid in 2 years(iii) The totalamount of money paid in two yearsto clear the debt.
Answer» Answer: Rs. 10.000 is lent out at 8% 4 points compound interest for 2 YEARS. At the end of the first YEAR Rs. 2800 are returned. Calculate (i) The interest paid for the second year(ii) The total interest paid in 2 years(iii) The total amount of money paid in TWO years to CLEAR the debt.

Rs. 10.000 is lent out at 8%4 pointscompound interest for 2 years. At theend of the first year Rs. 2800 arereturned. Calculate (i) The interestpaid for the second year(ii) The totalinterest paid in 2 years(iii) The totalamount of money paid in two yearsto clear the debt.

Answer»

Answer:

Rs. 10.000 is lent out at 8%

4 points

compound interest for 2 YEARS. At the

end of the first YEAR Rs. 2800 are

returned. Calculate (i) The interest

paid for the second year(ii) The total

interest paid in 2 years(iii) The total

amount of money paid in TWO years

to CLEAR the debt.

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Rs. 10.000 is lent out at 8%4 pointscompound interest for 2 years. At theend of the first year Rs. 2800 arereturned. Calculate (i) The interestpaid for the second year(ii) The totalinterest paid in 2 years(iii) The totalamount of money paid in two yearsto clear the debt.​

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Rs. 10.000 is lent out at 8%4 pointscompound interest for 2 years. At theend of the first year Rs. 2800 arereturned. Calculate (i) The interestpaid for the second year(ii) The totalinterest paid in 2 years(iii) The totalamount of money paid in two yearsto clear the debt.