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.)
Rs. 22506
Rs. 22105
Rs. 22900
Rs. 22500
Rs. 22450
This has been asked in Question Paper
IBPS Clerk Mains 2016
More Questions From Paper
Chapters. Ratio and Proportion
The largest and the smallest angles of a triangle are in the ratio of 3:1 respectively. The second largest angle of the triangle is equal to 56°. What is the value of largest angle of the triangle?
Chapters. Coherent Paragraph
Five statements are given below, labelled a, b, c,d and e. Among these, four statements are in logical order and form a coherent paragraph. From the given options, choose the option that does not fit into the theme of the paragraph.
Chapters. Financial Awareness
Who developed National Financial Switch (NFS)?
Chapters. Current Affairs
Which state has launched paddy cultivation in Aranmula Puncha near Cochin?
Ask your doubts to the top teachers.
Exams
IIT JEE
Support