Home
Class 8
MATHS
A man borrowed ₹ 5000 at 10% per annum c...

A man borrowed ₹ 5000 at 10% per annum compound interest. At the end of each year he has repaid 1500. The amount of money he still owes after the third year is

A

₹ `1600`

B

₹ `1690`

C

₹ `1700`

D

₹ `1790`

Text Solution

Verified by Experts

The correct Answer is:
B
Promotional Banner

Topper's Solved these Questions

  • COMPOUND INTEREST

    S CHAND IIT JEE FOUNDATION|Exercise Question Bank - 19 (b)|15 Videos
  • COMPOUND INTEREST

    S CHAND IIT JEE FOUNDATION|Exercise Self Assessment Sheet - 19 |10 Videos
  • COMPOUND INTEREST

    S CHAND IIT JEE FOUNDATION|Exercise Self Assessment Sheet - 19 |10 Videos
  • CO-ORDINATE GEOMETRY

    S CHAND IIT JEE FOUNDATION|Exercise Self Assessment Sheet |10 Videos
  • DATA HANDLING

    S CHAND IIT JEE FOUNDATION|Exercise Self Assessment Sheet - 27|10 Videos

Similar Questions

Explore conceptually related problems

A man borrowed 4000 at 10% per annum at compound interest. At the end of each year he has repaid 1000. The amount of money he still incurs after the third year is

A man borrows rs 12500 at 20% compound interest.At the end of every year he pays rs 2000 as part repayment.How much does he still owes after three such installments?

A man borrows 12,500 at 20% compound interest. At the end of every year he pays 2000 as part repayment. How much does he still owe after three such instalments?

Shams invested ₹ 5000 at 10% per annum compound interest. After n years, Shams received ₹ 1655 more. Find the value of n.

A man borrowed Rs 10,000 at 12% per annum, interest compounded quarterly. Find the amount that he has to pay after 9 months.

A man borrowed Rs 40,000 at 8% simple interest per year. At the end of second year he paid back certain amount and at the end of fifth year he paid back Rs 35960 and cleared the debt. What is the amount that he paid back after the second year?

Farhan borrowed Rs 25,000 at 10% per annum under compound interest. He repaid a certain amount at the end of the first year and paid Rs 24,750 at the end of 2nd year to completely disburse the loan. What amount did Farhan repay at the end of the first year?

A man borrows Rs. 4000 from a bank at 7(1)/(2)% compound interest. At the end of every year he pays Rs. 1500 as part repayment of loan and interest. How much does he still owe to the bank after three such installments?

Shyam borrowed Rs 18,000 at 15% per annum at compound interest compounded annually. He repaid Rs 10,700 at the end of the 1st year. What is the amount he should pay at the end of 2nd year to completely disburse the loan?

S CHAND IIT JEE FOUNDATION-COMPOUND INTEREST -Question Bank - 19 (a)
  1. The difference between simple interest and compound interest on Rs ...

    Text Solution

    |

  2. In how many years will a sum of Rs. 800 at 10% per annum compound Inte...

    Text Solution

    |

  3. The compound interest on ₹ 16000 for 9 months at 20% p.a, compounded q...

    Text Solution

    |

  4. A sum of ₹ 24000 is borrowed for 1 1/2 years at the rate of interest ...

    Text Solution

    |

  5. An amount of ₹ x at compound interest at 20% per annum for 3 years bec...

    Text Solution

    |

  6. A man deposited ₹ 6000 in a bank at 5% simple interest. Another man de...

    Text Solution

    |

  7. The difference between compound interest and simple interest on a s...

    Text Solution

    |

  8. The compound interest on a sum of money for 2 years is Rs 832 and t...

    Text Solution

    |

  9. A money-lender borrows money at 4% per annum and pays the interest ...

    Text Solution

    |

  10. If a sum of money at compound interest amounts to thrice itself in 3 y...

    Text Solution

    |

  11. If the compound interest on a certain sum of money for 3 years at 10% ...

    Text Solution

    |

  12. If the amount is 2 1/4 times of the sum after 2 years, then the rate ...

    Text Solution

    |

  13. A sum of money invested at compound interest amounts in 3 years to ₹ 2...

    Text Solution

    |

  14. The compound interest on ₹ 2000 in 2 years if the rate of interest is ...

    Text Solution

    |

  15. Two partners A and B together lend ₹ 84100 at 5% compounded annually. ...

    Text Solution

    |

  16. A principal sum of money is lent out at compound interest compounded a...

    Text Solution

    |

  17. A man borrowed ₹ 5000 at 10% per annum compound interest. At the end o...

    Text Solution

    |

  18. The compound interest on a certain sum for 2 years at 10% per annum...

    Text Solution

    |

  19. Two friends A and B jointly lent out ₹ 81600 at 4% compound interest. ...

    Text Solution

    |

  20. Find the compound interest on Rs 24000 at 15% per annum for years...

    Text Solution

    |