Question:
A man borrows Rs 4000 at 15% compound interest. At the end of each year he pays back Rs 1500. How much amount is required to pay at the end of third year to clear all his dues :
A man borrows Rs 4000 at 15% compound interest. At the end of each year he pays back Rs 1500. How much amount is required to pay at the end of third year to clear all his dues :
Updated On: Aug 29, 2024
- Rs.775.75
- Rs.973.85
- Rs.1500
- Rs.874.75
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The Correct Option is D
Solution and Explanation
The correct option is (D) : Rs.874.75
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