New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    Yeshudas borrowed a certain amount from a Bank at an

    interest rate of 2.5% p.a. and after 4 years , he repaid a total amount of 46,200 to the Bank. How much amount Rohan borrowed from the Bank ?
    A Rs.12,000 Correct Answer Incorrect Answer
    B Rs.24,000 Correct Answer Incorrect Answer
    C Rs.36,000 Correct Answer Incorrect Answer
    D Rs.42,000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Amount = P + I⟹ 6200 = P + I ∴ I = 46200 – P P = (SI× 100)/(R×T)⇒(46200-P× 100)/(2.5 × 4)⇒ P = 462000 – 10P ⇒ 11P = 462000 ∴ P = Rs. 42,000 IxamBee Approach: In 4 years, total interest rate = 2.5 × 4 = 10% i.e. 46,200 = 110% P = (46200 × 100)/110 = Rs. 42,000

    Practice Next

    Relevant for Exams: