Question
A man borrows ₹12,000 at 10% per annum simple
interest for 5 years. He repays ₹6,000 at the end of 3 years. What amount should he repay at the end of 5 years to clear the loan?Solution
Interest for 3 years = ₹12,000 × 10% × 3 = ₹3,600. Total amount at the end of 3 years = ₹12,000 + ₹3,600 = ₹15,600. Amount after repaying ₹6,000 = ₹15,600 - ₹6,000 = ₹9,600. Interest on ₹9,600 for 2 years = ₹9,600 × 10% × 2 = ₹1,920. Total amount to repay = ₹9,600 + ₹1,920 = ₹11,520.
Which one of the following is not a soap?
The highest surcharge rate of 37% on income above 5 crores shall be reduced to ______ % under the new tax regime?
Which Article of the Constitution of India empowers a high court to issue a writ?
In the context of open economy, forex stands for which of the following?
In which year Shinzo Abe became the PM of Japan for the first time?
After India, which country was the second most significant arms importer in the world?
Where is the origin of Western Cyclonic Fever?
In the context of digital governance services, S3WaaS stands for:
In which financial year India signed the Extended Fund Facility Agreement with the IMF?
Which of the following countries is the largest producer of milk?
