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Kamal Chaudhary

· started a discussion

· 1 Months ago

wrng (Question: 275720.0 )

2210

Question:

A person borrowed Rs.4000 at 5% per annum compounded annually. After 2 years, he repaid Rs.2210 and then after 2 more years, he repaid the balance with interest. Find the total interest paid by him.

Options:
A)

Rs.605.5

B)

Rs.635.5

C)

Rs.625.5

D)

Rs.615.5

Solution:

Ans: (b)

  

VIJAY SINGH

· commented

· 1 Months ago

4000 in two year will be 4410 so 1st intrest 410 and 2210 is paid so remain 2200 so it will be principle for further 2 year and it will be 2425.5 in next 2 year so second intrest 2425.50-2200=225.50 so total intrest paid 410+225.50=635.50
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