📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    A farmer took a loan from a finance company for buying

    fertilisers, which had to be repaid in two equal annual instalments each of ₹5,512.50. If the rate of interest was 5% p.a., compounded yearly, then the total interest paid by the farmer was:
    A ₹664 Correct Answer Incorrect Answer
    B ₹775 Correct Answer Incorrect Answer
    C ₹780 Correct Answer Incorrect Answer
    D ₹810 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call