Question

24. A man borrows rs 4000 from a bank at 10% compound interest. At the end of every year rs 1,500 as part
of repayment of loan and interest. How much is still owe to the bank after three such instalments
[Given: (1.1)3 = 1.331]
(a) * 359
(b) 820
(c) 3724
(d) 7720
​

Answer 1

Answer:

(b) 820

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Answer 2

Answer:

4000 × 1.331 =5324 -(1500×3)

=5324-4500

=824