A) Rs. 1300
B) Rs. 1340
C) Rs. 1370
D) Rs. 1400
Correct Answer: C
Solution :
Interest of first year \[=\frac{P\times R\times T}{100}=\frac{2000\times 10\times 1}{100}\]\[=200\] Pays Rs. 500 in the last of the year. \[\therefore \] Total payable amount for the second year = 2000 + 200 - 500 = 1700 Interest of Second\[=\frac{1700\times 10\times 1}{100}=170\] Pays Rs. 500 in the last of the year. \[\therefore \] Total payable amount for the third year = (1700 + 170 - 500) Debt =1370You need to login to perform this action.
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