search
Q: Gagan borrowed a sum of `2500 at 8% compound interest per annum. He paid `1000 at the end of the first year and four 500 at the end of the second year. How much will be have to be pay (to the nearest rupees) to clear his dues at the and of 4 years?
  • A. `1,443
  • B. `1,628
  • C. `1,800
  • D. `1,558
Correct Answer: Option D -
answer image

Explanations:

explanation image