engineering recuitment ICAR (IARI) Assistant (Pre + Mains) 2022 Mock Test Quantitative Aptitude Interest Compound Interest
Amit borrows a sum of ₹ 8,000 at 10% p.a. compound interest for 4 years. He repays ₹ 2,800 at the end of the first year and ₹ 2,600 at the end of the second year. To clear the loan, how much should he pay after 4 years, interest being compounded yearly?
1
₹ 4,800
2
₹ 4,880
3
₹ 4,840
4
₹ 4,780