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A man borrows Rs. 4000 and pays back aft...

A man borrows Rs. 4000 and pays back after 5 years at 15% simple interest. The amount paid by the man is :

A

Rs. 1800

B

Rs. 4800

C

Rs. 7500

D

Rs. 7000

Text Solution

Verified by Experts

The correct Answer is:
D
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Knowledge Check

  • A man borrows ₹ 4000 and pays back after 5 years at 15% simple interest. What is the amount paid by the man after 5 years?

    A
    ₹ 1800
    B
    ₹ 4800
    C
    ₹ 7500
    D
    ₹ 7000

  • A man borrows Rs. 6000 from a bank at simple interest. After 4 years, he paid Rs. 2500 to the bank and at the end of 5 years from the date of borrowing he paid Rs. 4560 to settle the account. Find the rate percent per annum.

    A
    4
    B
    3
    C
    3.85
    D
    4.5

  • Ajay borrowed Rs 4000 at 10% per annum for 4 years under simple interest. But, after 2 years he was asked to pay compound interest for the remaining 2 years on the initially borrowed amount. How much Ajay have to pay additionally if interest was compounded annually? (in Rs)

    A
    40
    B
    20
    C
    80
    D
    160

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