Kishan's father took a loan from the bank at 12.5% interest p.a. for 4 years.

Calculate the total amount that he paid at the end of 4 years if the loan taken was 10000 times the interest rate.

195000

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200000

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187500

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175500

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Solution

The correct option is C
187500

Given :

P = 12.5 * 10000 = 1,25,000

R = 12.5 %

T = 4 years

$∴$ SI = ( PRT ) / 100

= 62,500

Amount paid = P + SI = 1,25,000 + 62,500 = 1,87,500

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Kishan's father took a loan from the bank at 12.5% interest p.a. for 4 years. Calculate the total amount that he paid at the end of 4 years if the loan taken was 10000 times the interest rate.

The correct option is C 187500 Given : P = 12.5 * 10000 = 1,25,000 R = 12.5 % T = 4 years ∴ SI = ( P*R*T ) / 100 = 62,500 Amount paid = P + SI = 1,25,000 + 62,500 = 1,87,500

Kishan's father took a loan from the bank at 12.5% interest p.a. for 4 years.

Calculate the total amount that he paid at the end of 4 years if the loan taken was 10000 times the interest rate.

The correct option is C
187500

Given :

P = 12.5 * 10000 = 1,25,000

R = 12.5 %

T = 4 years

$∴$ SI = ( PRT ) / 100

= 62,500

Amount paid = P + SI = 1,25,000 + 62,500 = 1,87,500