Question Paper from: IBPS Clerk Mains 2016

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

Chapter Name: Compound Interest

This has been asked in Question Paper

IBPS Clerk Mains 2016


More Questions From Paper

Chapters. Current Affairs

Who is Dmitry Anatolyevich Medvedev?

Chapters. Banking Awareness

MMID stands for?

Chapters. Current Affairs

Irom Sharmila belongs state?

Chapters. Banking Awareness

FDI in Universal banks?

Chapters. Current Affairs

Heart of Asia summit 2016 held in?

Chapters. Banking Awareness

Which ETS operates in hourly time?

Chapters. Financial Awareness

Commercial Paper is issued by?

Chapters. Current Affairs

Gobind Sagar dam in which state? 

prepsutra-app-download android ios

Download the PrepSutra app

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