UP TGT Mathematics Commercial Mathematics Test Series - Part 3
A man borrows Rs. 10,000 at 10% p.a. compound interest. He repays Rs. 5,000 at the end of each of the first two years. F...
Type: MCQ • Marks: 1
A man borrows Rs. 10,000 at 10% p.a. compound interest. He repays Rs. 5,000 at the end of each of the first two years. Find the amount due at the end of the third year.
Options
A. 1800
B. 1700
C. 1600
D. 6000
Explanation
After year 1: 11000-5000=6000. After year 2: 6600-5000=1600. After year 3: 1600×1.10=Rs. 1,760.
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