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A man borrows Rs 6,000 at 5 percent C.I. per annum. If he repays Rs 1,200 at the end of each year, find the amount of the loan outstanding at the beginning of the third year.

Answer:

"hello students my name is megha and i am
a tutor at zero learning
in this q a video we will explore the
concept of
interest a man borrows rupees six
thousand
at five percent compounded rest per
annum
if he repays rupees 1200 at the end of
each year
find the amount of the loan outstanding
at the beginning of the third year
so we have given that amount borrowed is
rupees 600
rate of interest 5 percent and interest
will be let's find the interest interest
will be equals to
p into r
into t for example for the first year it
will be
t so it will be divided by 100
so it will be rupees 300
interest so amount
amount at the
end of
first year is
six thousand plus three hundred sixty
three hundred rupees
and amount left to be paid will be
equals to we will minus 1200 because it
is paying rupees 1
1200 at the end so amount
left to be
paid it will be equals to 6300
minus 1200 so this will be equals to how
much
this will be equals to rupees 5100
right now let's calculate interest
now for interest to be calculated for
the second year it will be
principal 1500 rate of interest
five year one divided by hundred
so interest will be equals to rupees
255 so
amount at the
end of second
year it will be equals to
50 100 plus
5100 plus 2255
so it will be equals to 500 355 5355
and amount
left to be paid
is equals to five three five
five minus twelve hundred so it is
four one five five and the amount left
to be paid
at the end of second year is the amount
of the loan
outstanding at the beginning of the
third year
so this is the amount of the loan
to outstanding at the beginning of the
third year so if you have any query in
this question please drop a comment
below and subscribe to our channel for
more updates
thank you"

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