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Q.

Hariya took a loan to build his house. He has to pay back Rs. 2750 every month for two years. How much will he pay back in 2years?

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a

Rs. 66,000

b

Rs. 60,000

c

Rs. 64,000

d

Rs. 62,000

answer is D.

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Detailed Solution

Given:
Amount paid every month=
Number of days=
To Find
The total amount paid
Solution:

Amount paid by Hariya every month = Rs. 2750

He has to pay the amount every month for 2 years.

We know, 2 years = 2 ×12 months =24 months

Thus, money paid by Hariya in 24 months = Rs. 2750 × 24

  2750

×24

 11000

  55000

  66000

 

 

Hence, Hariya has to pay back Rs. 66,000 in 2 years.

Therefore, the correct option is D.

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