Amount borrowed = ₹90,000
Amount paid back = ₹1,00,000

How much interest did he pay?

₹8,000

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₹10,000

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₹20,000

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₹12,000

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Solution

The correct option is B ₹10,000
Amount borrowed = ₹90,000
Amount paid back = ₹1,00,000

Interest paid = ₹1,00,000 - ₹90,000
= ₹10,000

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Similar questions

Mr.Kaushik took a loanof Rs.50,000 from a bank. He paid back Rs.80,000 in 3 years. How much extra amount (interest) did he pay back to the bank?

How much amount did he pay back per year?

480

5

5 %

R s 4000

1 \frac{1}{2}

10 % p . a .

1, 00, 000

20

30, 000

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