wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Mr Irani borrowed a sum of Rs 10000 from a finance company for 6 years at 8% per annum. The amount returned by Mr Irani to the finance company is:

A
Rs 14800
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Rs 12600
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Rs 13300
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Rs 12350
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Rs 14800
We have, P =Rs 10000, R =8% per annum, T =6 years.
I=P×R×T100=10000×8×6100=Rs4800A=P+I=10000+48000=Rs14800
Thus, Mr Irani returned Rs 14800 to the finance company.

flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Simple and Compound Interest
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon