A farmer, Ramgarh, took a bank …

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A farmer, Ramgarh, took a bank loan from SBI for repairing his house. But he could not pay the amount on time. This resulted in the accumulation of interest and the amount to pay reached Rs.1,00,000. After a few months, the farmer opened a shop that resulted in enough income and the income increased on a regular basis. So he decided to pay the bank loan in a different manner. The farmer visited the bank. He made an agreement with the bank that he will start paying the amount of Rs.1,00,000 without interest from Jan 2020. In January he will pay Rs.5000 and will increase the payment by Rs. 100 in each month, as shown in the figure. Now answer the following questions: In how many months will the farmer clear the loan amount? 16 15 18 20 How much amount he has to pay in last month in rupees? 1400 1500 1800 2000 In which month he will pay Rs.6000? 14th 10th 12th 11th How much amount he will pay in 10th month in Rs.? 6000 6400 7500 7000 How much amount in rupees till 10th month he will have paid? 54500 50000 55000 60000

Posted by Suhani Tiwari 1 year, 9 months ago

CBSE > Class 11 > Mathematics

2 answers

Preeti Dabral 1 year, 9 months ago

(c) 18
(a) 1400
(d) 11th
(b) 6400
(a) 54,500

4Thank You

Saunak Neogi 1 year, 8 months ago

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