Question

A borrows Rs 7000 from B at 10% p.a compound interest

Q: Answer-A borrows Rs 7000 from B at 10% p.a compound interest compounded annually. At the end of every year...

At the end of the 1st year Amount 7000 110 Rs. 7700 Rest amount 7700 2200 Rs. 5500 At the end of 2nd year Amount 5500 110 Rs. 6050 Rest amount 6050 2200 Rs. 3850 At the end of 3rd year Amount 3850 110 Rs. 4235

compounded annually. At the end of every year he pays Rs 2200 and at the end of 3rd years he pays all the amount, how much amount does he pay at the end of the 3rd year?

A Rs. 3718

B Rs. 3440

C Rs. 3768

D Rs. 4235

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