PrepSutra logo
PrepSutra





English

Raman took a loan of Rs. 15000 from Laxman. He was agreed that for the first three years rate of interest charged would be at 8% Simple Interest per annum and at 10% Compound Interest (compounded, annually) from the fourth year onwards. Ram did not pay anything until the end of the fifth year. How much would he repay if he clears the entire amount, only at the end of fifth year ? (inRs.)

1:

Rs. 22506

2:

Rs. 22105

3:

Rs. 22900

4:

Rs. 22500

5:

Rs. 22450

Solution:
Chapter Name: Compound Interest


Write your comments here...

prepsutra-app-download android ios

Download the PrepSutra app

Download the app for Android devices and prepare on the go - anytime, anywhere!

Follow us on social media

Exams

Banking

Banking

SSC

Railway

Insurance

IIT JEE

Navigation

Support

©2021 PrepSutra. All Rights Reserved.