Mathematics · Simple Interest
A man borrows Rs. 4,000 from a bank at 10% per annum simple interest and clears the debt in three years. If the installments paid at the end of the first and second year to clear the debt are Rs. 1,500 and Rs. 2,500 respectively, what amount (in Rs.) should be paid at the end of the third year to clear the d ebt?
- 1550
- 2500
- 3650✓
- 4700
Correct answer
650
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