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Calculating Dates

A man took a ...

Question

A man took a loan of ₹23100 from the bank. He paid back ₹25320 after one year. How much money did the bank earn as an interest?

A

₹ 2220

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B

₹ 2230

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C

₹ 2240

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D

₹ 2250

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Solution

The correct option is A ₹ 2220
Total money paid back after a year = ₹25320
Amount of money taken as loan = ₹23100

Money earned by bank from interest = ₹25320 - ₹23100
= ₹ 2220

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