Q9 - Mr. Britto borrowed Rs 28000 for 2 yrs.

The rate of interest for two successive

years are 8 and 10% respectively. If he
repays Rs5240 at end of first year, find
outstanding amount at end of second year?
Q 10 - Mr. Dubey borrows Rs. 100000 from state Bank of India at 11% per
annum compound interest. He repays Rs. 41000 at the end of first year and
Rs. 47700 at the end of second year. Find the amount outstanding at the
beginning of the third year.
Q 11 - Ranbir borrows Rs. 20,000 at 12% per annum compound interest. If
he repays Rs. 8400 at the end of the first year and Rs. 9680 at the end of the
second year, find the amount of loan outstanding at the beginning of the third
year.
 In what time will Rs.15000 yield Rs.4965 as
Q 12 -

compound interest at 10% p.a., compound annually

Solution:
Given P = 15,000/-, I = 10 % p.a., C.I. = 4965
A = P + I = 15,000 + 4965 = 19,965/-
A = P (1 + )n

19965=15000(1 + )n

= (1 + )n

1.331 = (1.1)n
(1.1)3 = (1.1)n
Thus n = 3
Q 13 - What sum of money will amount to Rs 11025
in 2 years at 5% p.A. Compounded annually?
Explanation:
Given, A=11025
n = 2 periods
R = 5% p.a
A = P(1 + R/100)^n
11025 = P(21/20)²
11025 = 441P/400
P = 11025*400/441(Divide by 3)
P = 3675*400/147 (Divide by 3)
P = 1225*400/49 (Divide by 7)
P = 175*400/7 (Divide by 7)
P = 25*400
P = ₹10,000
Q 14 - Sum of rupees 16000 rupees 1640 as interest in 2 years when
compounded annually find the rate of interest.

Q 15 - At what rate per cent per annum compound interest will Rs. 4000 amount to Rs. 5324 in 3
years