[Rs.420] If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid

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Aptitude

TNPSC G4

10th CBSE Maths

If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid is:

Rs.436.75

Rs.434

Rs.420

Rs.8082

Explanation:

Amount = Rs.[[2800×(1+10100)](1+5100)][[2800×(1+10100)](1+5100)]
= Rs.[2800×11100×2120][2800×11100×2120] = Rs.3234
C.I = Rs.(3234-2800)= Rs.434

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