Latest Book Aptitude Question SOLUTION: Mr dubey borrows Rs 100000 from the state bank of india at 11% per annum compound interest. He repays Rs 41000 at the end of the first year and Rs 47700 at the end of the second ye

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(#M40019854) BOOK question cI Keep an EYE

Mr dubey borrows Rs 100000 from the state bank of india at 11% per annum compound interest. He repays Rs 41000 at the end of the first year and Rs 47700 at the end of the second year. Find the amount outstanding at the beginning of the third year

Asked In Book Harsh Poddar (10 years ago)

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mandeep  (10 years ago)

for the first year
11% interest on 100000 makes the total amount to be paid is 111000
by paying the 41000,he is left with 70000.
for the second year
11% interest on 70000 makes the amount to be paid is 77700.
by paying 47700 in the second year,now he has to pay 77700-47700=30000 in the third year
so the answer is Rs. 30,000

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