question_answer

Victor purchased a second hand motor bike from his close friend Harry for Rs. 4000 on credit. If he pays the interest for the first year at the rate of 5% and for the second year at the rate of 15%. The cost of bike for Victor if he pays the amount after two years.

A) (a) Rs. 4530

B) (b) Rs. 4830

C) (c) Rs. 4930

D) (d) Rs. 4980

E) (e) None of these