Home
Class 14
MATHS
A man borrows₹6000 at 10% compound rate ...

A man borrows₹6000 at 10% compound rate of interest. At the end of each he pays back 2000. How much amount should he pay at the third year to clear all his dues?

A

₹ 3360

B

₹3366

C

₹ 1366

D

₹4366

Text Solution

Verified by Experts

The correct Answer is:
B
Promotional Banner

Topper's Solved these Questions

  • CO-ORDINATE GEOMATRY

    MOTHERS|Exercise OBJECTIVE QUESTION|72 Videos
  • DATA INTERPRETATION

    MOTHERS|Exercise MULTIPLE CHOICE QUESTIONS|372 Videos

Similar Questions

Explore conceptually related problems

A man borrows Rs 4000 at 15% compound rate of interest.At the end of each year he pays back Rs 1500. How much amount should be pay at the end of the third year to clear all his dues? (a) Rs 874.75 (b) Rs 824.50 (c) Rs 924.25 (d) Rs 974.25

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 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 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?

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?

Amit borrowed ₹ 800 at 10% rate of interest. He repaid ₹ 400 at the end of first year. What is the amount required to pay at the end of second year to discharge his loan which- was calculated at compound interest?

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?

MOTHERS-COMPOUND INTEREST-CLASS ROOM EXERCISES
  1. Compound interest on a certain sum at a cer tain rate at the end of tw...

    Text Solution

    |

  2. A person deposited a certain money in bank. Bank offers him 10% per an...

    Text Solution

    |

  3. A man borrows₹6000 at 10% compound rate of interest. At the end of eac...

    Text Solution

    |

  4. Ratio between capital lent for 2 year com pounded annually and for 4 y...

    Text Solution

    |

  5. Rs 1800 is given at 20% per annum SI while Rs (1800-P) isgiven at 30% ...

    Text Solution

    |

  6. There is 100% increase in an amount in 15 year at simple interest. Fin...

    Text Solution

    |

  7. If the CI on a certain sum for 3 years at 10% is 500, then find the si...

    Text Solution

    |

  8. ₹20000 was invested by Mahesh in a FD 10% per annum at CI. However eve...

    Text Solution

    |

  9. A man closes his bank account by withdraw ing₹ 72,000. He withdraw₹360...

    Text Solution

    |

  10. Amit borrowed ₹ 800 at 10% rate of interest. He repaid ₹ 400 at the en...

    Text Solution

    |

  11. Hemant borrows ₹4000 at a rate of compund interest 5% per annum. After...

    Text Solution

    |

  12. Kamal borrowed ₹6,800 and paid back in two annual installments. If the...

    Text Solution

    |

  13. A certain sum borrowed at 5% per annum com pound interest and paid bac...

    Text Solution

    |

  14. A man borrowed some money and agreed to payoff paying 3150 at the end ...

    Text Solution

    |

  15. A sum of rs.40080 was borrowed at 8(3)/(4)% per annum compound interes...

    Text Solution

    |

  16. A sum of money is paid back in three annual installments of ₹ 1372 eac...

    Text Solution

    |

  17. A man took some loan from a bank at the rate of 8% compound interest p...

    Text Solution

    |

  18. Sunil borrowed some money on compound in terest and returned it in thr...

    Text Solution

    |

  19. terest per annum. If he paid back it in three equal instalments. Find ...

    Text Solution

    |

  20. Pankaj borrowed ₹ 10815, which is to be paid back in 3 equal half year...

    Text Solution

    |