UPSC Civil Services 2018 Prelims General Studies Paper II

Amount to be paid after 1 year
= 22800 + 22800 ×

12.5

100

= 22800 + 2850 = 25650
He paid 8650 then amount left
= 25650 – 8650 = 17000
Amount to be paid after 2 years
=17000 + 17000 ×

12.5

100

= 17000 + 2125 = 19125
He paid 9125 at the end of 2nd year then remaining amount = 19125 – 9125 = 10000
Amount to be paid at the end of 3rd year
= 10000 + 10000 ×

12.5

100

= 11250