Question

A man borrows rs. 4000 at 20% compound rate of interest. At the end of each year he pays back rs. 1500. How much amount should he pay at the end of the third year to clear all his dues? (a) rs. 2592 (b) rs. 2852 (c) rs. 2952 (d) rs. 2953 (e) none of these

Answer 1

c is the answer to 2952