Solved UPSC CDS/OTA Question
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Q · Simple InterestDifficult · 45s
A borrows ₹6000 at 10% p.a. simple interest. He repays ₹2000 after 1 year. How much must he pay after 2 more years to clear the loan?
TopicSimple Interest
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
Year 1: SI on 6000 = 600; balance principal = 4000. Next 2 years: SI on 4000 = 800. Total due = 4000 + 600 + 800 = ₹5400.
Final Answer: Option C - ₹5400.00