Question

A man borrows Rs 8000 at 4% C.I. and repays Rs 400 at the end of every year. Find the loan outstanding in the beginning of the third year.

• A. Rs 7836.80
• B. Rs 7696.80
• C. Rs 7200.80
• D. Rs 7000.80

Answer 1

The correct option is A

Rs 7836.80