Multiple Choice Questions on A certain sum of money is borrowed by ankit at 5 percent per annum for 10 years If he pays an intere........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A certain sum of money is borrowed by ankit at 5 percent per annum for 10 years If he pays an intere...........

Quantitative Aptitude ( CCS) Simple Interest
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    A certain sum of money is borrowed by ankit at 5 percent per annum for 10 years. If he pays an interest of rupees 200, then the total amount paid by ankit.

    450

    Incorrect Answer

    500

    Incorrect Answer

    600

    Correct Answer

    650

    Incorrect Answer
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    Explanation:

    200 = p*(5/100)*10, we get P = 400
    so total amount = 400+200 = 600

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