Shamita took a loan at simple interest rate of 6 p.c.p.a in the year and it increased by 1.5 p.c.p.a every year. If she pays Rs. 8,190 as interest at the end of 3 years, what was her loan amount ?

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BANK PO Exam (Indian Bank) 2010 click here to view all questions

Shamita took a loan at simple interest rate of 6 p.c.p.a in the year and it increased by 1.5 p.c.p.a every year. If she pays Rs. 8,190 as interest at the end of 3 years, what was her loan amount ?

ARs. 36000

BRs. 35400

CRs. 36800

DNone of these

upendra ? undefined

Correct answer is: None of these

Explanation:

Let the loan amount be Rs.x,

Therefore, 8190

\(\Large \frac{x \times 6 \times 1}{100}+\frac{x \times 7.5 \times 1}{100}+\frac{x \times 9 \times 1}{100}\)

\(=>\Large \frac{22.5x}{100} = 8190 \)

\(=> x = \Large \frac{8190 \times 100}{22.5}\)= Rs.36400

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Correct answer is: None of these Explanation: Let the loan amount be Rs.x, Therefore, 8190 \(\Large \frac{x \times 6 \times 1}{100}+\frac{x \times 7.5 \times 1}{100}+\frac{x \times 9 \times 1}{100}\) \(=>\Large \frac{22.5x}{100} = 8190 \) \(=> x = \Large \frac{8190 \times 100}{22.5}\)= Rs.36400 upendra ? answered undefined All Comments

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