Q.

Ramayya borrowed Rs.7500 at 16% compound interest. How much he has to pay at the end of two years to clear the loan?

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!
An Intiative by Sri Chaitanya

a

Rs.7870.50

b

Rs.7078.50

c

Rs.10092.00

d

Rs.7780.50

answer is C.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

A=P1+R100T

=75001+161002

=7560×116100×116100

=Rs.10,092

Watch 3-min video & get full concept clarity

tricks from toppers of Infinity Learn

score_test_img

Get Expert Academic Guidance – Connect with a Counselor Today!

whats app icon
Ramayya borrowed Rs.7500 at 16% compound interest. How much he has to pay at the end of two years to clear the loan?