question_answer

A bank advances loan of Rs. 2000 to Mary on an agreement that interest at the rate of 10% per annum shall be paid half yearly for its use. But due to some reason Mary failed to make any interest payment. At the end of the eighteen month the bank obtained judgment against Mary for the principal and compound interest at the rate and on terms agreed to. The amount Mary had to pay to the bank for the loan she has taken from the bank is:

A)          (a) Rs. 2315.25

B) (b) Rs. 2225.75

C) (c) Rs. 2155.25

D) (d) Rs. 2015.25

E) (e) None of these