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CBSE Class 11-science Answered

26th sum
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Asked by lovemaan5500 | 17 Jul, 2018, 06:33: PM
answered-by-expert Expert Answer
According to the question,
Unpaid amount = 2,40,000 - 1,20,000 = Rs. 1,20,000
Interest on capital outstanding = 1% of 1,20,000 = Rs. 1200
Capital repaid from the first instalment = 10,000 - 1200 = Rs. 8800
Capital outstanding after first instalment = 1,20,000 - 8800 = Rs. 1,11,200
And so on...... till the last instalment is paid.
Answered by Sneha shidid | 19 Jul, 2018, 10:44: AM

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