Home
Class 8
MATHS
A man borrowed 4000 at 10% per annum at ...

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

Rs 2740

B

Rs 2104

C

Rs 2014

D

Rs 3400

Text Solution

Verified by Experts

The correct Answer is:
C
Promotional Banner

Topper's Solved these Questions

  • IMO QUESTION PAPER 2018-19 SET- A

    SCIENCE OLYMPIAD FOUNDATION |Exercise Achievers Section|5 Videos

  • IMO QUESTION PAPER 2018-19 SET- A

    SCIENCE OLYMPIAD FOUNDATION |Exercise Achievers Section|5 Videos

  • IMO QUESTION PAPER 2018-19 SET -B

    SCIENCE OLYMPIAD FOUNDATION |Exercise ACHIEVERS SECTION|5 Videos

  • IMO QUESTION PAPER 2019-20 SET A

    SCIENCE OLYMPIAD FOUNDATION |Exercise Achievers Section|5 Videos

Similar Questions

Explore conceptually related problems

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

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?

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. 21000 at 10% compound interest. How much he has to pay equally at the end of each year, to settle his loan in two years?

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?