Sohan borrows a sum of ₹1,41,545 at 11% per annum simple interest. At the end of the first year, he repays ₹25,490 towards the principal. If Sohan clears all pending dues at the end of the second year, including interest accrued during the first year, how much does he pay (in ₹) at the end of the second year?

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Let's break down the problem step by step:

1. Sohan borrows ₹1,41,545 at 11% p.a. simple interest.
2. At the end of the first year, he repays ₹25,490 towards the principal.

Step 1: Calculate interest for the first year:
Interest for 1st year = Principal × Rate × Time / 100
= ₹1,41,545 × 11 × 1 / 100
= ₹15,570 (rounded to nearest rupee)

Step 2: After paying ₹25,490 towards principal at the end of year 1, the remaining principal is:
Remaining Principal = ₹1,41,545 - ₹25,490 = ₹1,16,055

Step 3: Interest for the second year is calculated on the remaining principal:
Interest for 2nd year = ₹1,16,055 × 11 × 1 / 100 = ₹12,766.05

Step 4: At the end of the second year, Sohan needs to pay:
- The remaining principal: ₹1,16,055
- Interest for the first year (not yet paid): ₹15,570
- Interest for the second year: ₹12,766.05

Total payment at end of 2nd year = ₹1,16,055 + ₹15,570 + ₹12,766.05 = ₹1,44,391.05

Rounding to the nearest rupee, the answer is ₹1,44,391.

Thus, Sohan pays ₹1,44,391 at the end of the second year.

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