1.

Harish borrowed ₹ 7500 from a bank. a) Find the amount to be paid at the end of 3 years for ₹ 7500 at 5 % p.a. b) Harish was only able to pay ₹ 5625. Find out the amount which Harish needs to pay to the bank at the end of the 4th year if the rate of interest remains same. [4 MARKS]

Answer» Harish borrowed ₹ 7500 from a bank.
a) Find the amount to be paid at the end of 3 years for ₹ 7500 at 5 % p.a.
b) Harish was only able to pay ₹ 5625. Find out the amount which Harish needs to pay to the bank at the end of the 4th year if the rate of interest remains same.

[4 MARKS]


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