Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?

Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?

Ques:- Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?
3 5644

3 Answers on this Question

  1. answer is 635.50
    Explanation:

    4000

    200 โ€”- I

    200

    10 โ€”- II

    โ€”โ€”โ€”โ€”โ€”

    4410

    2210

    โ€”โ€”โ€“

    2000

    110 โ€”- III

    110

    5.50 โ€”- IV

    โ€”โ€”โ€”โ€“

    2425.50

    2210

    โ€”โ€”โ€”โ€“

    4635.50

    4000

    โ€”โ€”โ€”-

    635.50

  2. Ans 635.5
    4000
    1 year 5 % 200 rs int
    Total 4200
    2 year 5 % 210 ra int
    Total 4410
    4410-2210 = 2200
    1 year 5% 110
    Total 2310
    2 year 5 % 115.5 rs int
    Total 2425.5
    Total interest paid
    200 +210+ 110+115.5. = 635.5

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