Question

A man borrow $Rs20000$ for the house maintenance which is given by him in $2yr$ at $10$% per annum. What is the total amount paid by him after $2yr$?

• A. Rs $21000$
• B. Rs $22000$
• C. Rs $24000$
• D. Rs$4000$

Answer 1

The correct option is C Rs $24000$

Given that,

A man borrow Rs $20000$ for the maintenance of house,which is given by $2$ year at $10$ %

Money=$20000$

$10$% of his money =$20000\times \frac{10}{100}$

$=>200$

money given him for $2$ years

$=>2000\times 2=4000$

total money=$20000+4000=Rs.24000$