Multiple choice

A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a. compounded annually and each instalment is Rs. 5,808, then 60% of the total interest (nearest to a Rs.) charged in this scheme is: एक ऋण दो समान वार्षिक किश्तों में वापस किया जाना है। यदि ब्याज दर 10% प्रति वर्ष है और प्रत्येक किस्त रु 5,808 है, तो इस योजना में लिए जाने वाले कुल ब्याज का 60% (लगभग रु.) है:

  1. 911

  2. 913

  3. 917

  4. 922

  5. 925
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D Correct answer
Explanation

For loan repaid in 2 equal installments of Rs 5,808 at 10% p.a.: Loan amount = 5808/(1.1) + 5808/(1.1²) = 5,280 + 4,800 = Rs 10,080. Total repaid = 2 × 5,808 = Rs 11,616. Interest = 11,616 - 10,080 = Rs 1,536. 60% of interest = 0.6 × 1,536 = Rs 921.6 ≈ Rs 922.

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