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Installments · UPSC CDS/OTA · Question 32 of 51

Installments: A man borrows Rs. 12,500 at 20% compound interest. At the end of every year he pays Rs. 2000 as part of repayment. How much does he still owe after three such installments?

Step-by-step solution. Installments for UPSC CDS/OTA.

Topic
Installments
Subject
Mathematics
Difficulty
Difficult
Solve Time
45-60 sec

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Q · InstallmentsDifficult · 45s

A man borrows Rs. 12,500 at 20% compound interest. At the end of every year he pays Rs. 2000 as part of repayment. How much does he still owe after three such installments?

TopicInstallments
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

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Solution illustration 1
Final Answer: Option D - 14320
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A man borrows Rs. 12,500 at 20% compound interest. At… - Installments (Mathematics) Solved Question