No products in the cart.

A man borrows Rs 30000 at …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

A man borrows Rs 30000 at 12% per annum compound interest from a bank and promises to pay off the loans in 20 installments beginning at the end of first year. What is the annual payment necessary?

Posted by Tejasni Somasundaram 2 years, 4 months ago

CBSE > Class 12 > Applied Maths

1 answers

Preeti Dabral 2 years, 4 months ago

$\begin{aligned} & \text { We know } \mathrm{V}=\frac{\mathrm{A}}{\mathrm{r}}\left[1-(1+\mathrm{r})^{-\mathrm{n}}\right] \\ & \text { Thus } 30000=\frac{\mathrm{A}}{0.12}\left[1-(1+0.12)^{-20}\right] \\ & \Rightarrow \mathrm{A}=\frac{30000 \times 0.12}{\left[1-(1+0.12)^{-20}\right]} \\ & \Rightarrow \mathrm{A}=\frac{3600}{\left[1-(1.12)^{-20}\right]} \\ & \Rightarrow \mathrm{A}=\text { Rs. } 4016.76 \end{aligned}$

ANSWER

http://mycbseguide.com/examin8/

Related Questions

A group of 7 weeks old chickens reared on a high protein

Posted by Shalin8 B 1 year, 4 months ago

CBSE > Class 12 > Applied Maths

0 answers

Case study of itnegrals

Posted by Shivam Khandelwal 1 year, 5 months ago

CBSE > Class 12 > Applied Maths

0 answers

Analysis of career graph of a cricketer (batting average for a batsman and bowling average for a bowler). Conclude the best year of his career. It may be extended for other players also – tennis, badminton, athlete

Posted by Dhairya Sharma 9 months, 2 weeks ago

CBSE > Class 12 > Applied Maths

0 answers

X/(x-1)(x-2)(x-3)

Posted by Sayantika Mondal 10 months ago

CBSE > Class 12 > Applied Maths

0 answers

In the year 2000, Mr. Talwar took a home loan of ₹ 3000000 from the State Bank of India at 7.5% p.a. compounded monthly for 20 years. Based on the above information, answer the following questions:

Posted by Aman Kumar 1 year, 5 months ago

CBSE > Class 12 > Applied Maths

0 answers

What is the mean of the numbers obtained on throwing a die having written 1 on three faces, 2 on two faces and 5 on one face?

Posted by Shobha V 10 months ago

CBSE > Class 12 > Applied Maths

0 answers

Show that 3⁴⁶ =17⁴⁶(mod 7)

Posted by Sleeping Beauty Rasi 11 months ago

CBSE > Class 12 > Applied Maths

0 answers

Calculate the mathematical expectation of number of weeks taken by a student to apply ahead of a college’s application deadline

Posted by Abhay Verma 1 year, 1 month ago

CBSE > Class 12 > Applied Maths

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Pranav Makkar 1 year, 1 month ago

CBSE > Class 12 > Applied Maths

1 answers

Integral by partial 2x^2+1/x^2-3x+1

Posted by Kajal Verma 1 year, 4 months ago

CBSE > Class 12 > Applied Maths

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App