A Government loan of ₹1,00,000 carries interest at 8% per annum If ₹20,000 principal is repaid, and interest is thereaft...
Type: MCQ • Marks: 1
A Government loan of ₹1,00,000 carries interest at 8% per annum If ₹20,000 principal is repaid, and interest is thereafter calculated on the outstanding balance, the principal for subsequent calculation is:
Options
A. 120000
B. 100000
C. 80000
D. 20000
Explanation
Outstanding principal = ₹1,00,000 − ₹20,000 = ₹80,000.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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