Practicing Success
A and B together borrowed a sum of ₹51,750 at an interest rate of 7%p.a. compound interest in such a way that to settle the loan, A paid as much amount after three years as paid by B after 4 years from the day of borrowing. The sum (in ₹) borrowed by B was: |
25,650 26,750 25,000 24,860 |
25,000 |
7% = \(\frac{7 }{100}\) So, Sum borrowed by B : Sum borrowed by A 100 : 107 ATQ, ( 100 + 207 )R = 51750 207R = 51750 1R = 250 Now, Sum borrowed by B = 100R = 100 × 250 = Rs. 25000
|