Examveda
Examveda

Kruti took a loan at simple interest rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays Rs. 8190 as interest at the end of 3 years, what was her loan amount ?

A. Rs. 35400

B. Rs. 36000

C. Rs. 36800

D. Cannot be determined

E. None of these

Answer: Option E

Solution(By Examveda Team)

Let the loan amount be Rs. x
$$\eqalign{ & {\text{Then,}} \cr & \Rightarrow \frac{{6x}}{{100}} + \frac{{7.5x}}{{100}} + \frac{{9x}}{{100}} = 8190 \cr & \Rightarrow 22.5x = 819000 \cr & \Rightarrow x = 36400 \cr} $$

This Question Belongs to Arithmetic Ability >> Interest

Join The Discussion

Related Questions on Interest