Multiple choice

A person took a loan of Rs.15000 for 3 years, at 5% per annum compound interest. He repaid Rs.5250 in each of the first 2 years. The amount he should pay at the end of 3rd year to clear all his debts is किसी व्यक्ति ने 5% वार्षिक दर से चक्रवृद्धि ब्याज पर 3 वर्ष के लिये 15000 रू. का ऋण लिया। उसने पहले दो वर्षों में प्रति वर्ष 5250 रू. वापस किये। ऋण से मुक्त होने के लिए उसे तीसरे वर्ष में कितनी राशि देनी होगी?

  1. Rs./रू.6063.75

  2. Rs./रू.6381.25

  3. Rs./रू.6588.75

  4. Rs./रू.6863.75
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Year 1: Loan grows to 15000 × 1.05 = 15750. After payment: 15750 - 5250 = 10500. Year 2: Grows to 10500 × 1.05 = 11025. After payment: 11025 - 5250 = 5775. Year 3: Grows to 5775 × 1.05 = 6063.75, which is the final payment needed.

Keep practicing — related questions