Question

A person borrowed Rs. $1500$ at the rate of $5\%$ per annum S.I. What amount will he pay to clear the debt after $4$ years?

• A. Rs. $2000$
• B. Rs. $1880$
• C. Rs. $1800$
• D. Rs. $1600$

Answer 1

Answer: (C)

Rs. $1800$

Amount $=Rs.(1500+\frac{1500\times 5\times 4}{100})=Rs.1800$