Question

Digvijay takes a loan of ₹25,000 at an annual compound interest rate of 10%. He repays ₹4,000 at the end of each year. How much should he pay at the end of the third year to settle the remaining debt?

A 23,165
B 23,870
C 24,008
D 24,035
E 24,855
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)