A loan has to be returned in two equal yearly instalments each of Rs. 44,100. If the rate of interest is 5% p.a., compounded annually, then the total interest paid is:
A. Rs. 5,840
B. Rs. 6,000
C. Rs. 6,200
D. Rs. 6,280
Answer: Option C
This Question Belongs to Arithmetic Ability >> Compound Interest
Related Questions on Compound Interest
A. Rs. 120
B. Rs. 121
C. Rs. 122
D. Rs. 123
E. None of these
A. 625
B. 630
C. 640
D. 650
E. None of these
A. Rs. 2160
B. Rs. 3120
C. Rs. 3972
D. Rs. 6240
E. None of these
A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30
Join The Discussion