Multiple choice

Vikram borrows a total of Rs. 1,40,000 from three different money lenders: A, B, and C. Money Lender A gives the loan at an interest rate of 8% per annum, compounded annually; Money Lender B provides the loan amount at a simple interest rate of 10% per annum; and Money Lender C provides the loan at an interest rate of 10% per annum, compounded half-yearly. If the money borrowed from A exceeds the money borrowed from C by Rs. 700, and the total value of the loan from C at the end of first year exceeds the total value of the loan from A by Rs. 249.75, then what is the total amount paid by Vikram to Money Lender B at the end of one year?

  1. Rs. 45,980

  2. Rs. 45,890

  3. Rs. 54,890

  4. Rs. 58,490

Reveal answer Fill a bubble to check yourself
C Correct answer