5. Vivan borrowed a sum of money from a bank at 9% per annum. If he paid 35940 as interest after three years, find the sum he borrowed and the total money he repaid.(Please give the right Answer).

5. Vivan borrowed a sum of money from a bank at 9% per annum. If he pa

1.	5. Vivan borrowed a sum of money from a bank at 9% per annum. If he paid 35940 as interest after three years, find the sum he borrowed and the total money he repaid.(Please give the right Answer).
Answer» <html><body><p>Step-by-step <a href="https://interviewquestions.tuteehub.com/tag/explanation-455162" style="font-weight:bold;" target="_blank" title="Click to know more about EXPLANATION">EXPLANATION</a>:For the payment of <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 43,200 at the <a href="https://interviewquestions.tuteehub.com/tag/end-971042" style="font-weight:bold;" target="_blank" title="Click to know more about END">END</a> of the first year : A = Rs. 43200 ; n = 1 year and r = 8 % . To find P. A=P 1 (1+ 100 r ) n ⇒43200=P 1 (1+ 100 8 ) 1 ⇒P 1 =Rs.43200× 108 100 =Rs.40000 For the payment of Rs. 34,992 at the end of the second year : Rs.34922=P 2 (1+ 100 8 ) 2 ⇒P 2 =Rs.34922×( 108 100 ) 2 ⇒P 2 =34922× 108 100 × 108 100 =Rs.30000 ∴ Sum borrowed = Rs. 40000 + Rs. 30000 = Rs. 70000</p></body></html>