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Mohan borrowed 10000 rupees from Sohan. Sohan charges a simple interest of 10 pa. Mohan returned 4000 Rs after 1year which included the interest for the first year. He returned the remaining amount after 2 more years. What is the interest that Mohan ended up paying?
  • a)
    2000
  • b)
    2400
  • c)
    2500
  • d)
    3000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Mohan borrowed 10000 rupees from Sohan. Sohan charges a simple interes...
Principal for first year = 10000, So interest for first year would be 10000*10/100 = 1000
Now for the remaining two years, the principal would be 7000, so interest that he will pay in 2 years = 7000*2*10/100 = 1400
Thus, the total interest that he ends up paying is 1400 + 1000 = 2400
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Mohan borrowed 10000 rupees from Sohan. Sohan charges a simple interest of 10 pa. Mohan returned 4000 Rs after 1year which included the interest for the first year. He returned the remaining amount after 2 more years. What is the interest that Mohan ended up paying?a)2000b)2400c)2500d)3000Correct answer is option 'B'. Can you explain this answer?
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Mohan borrowed 10000 rupees from Sohan. Sohan charges a simple interest of 10 pa. Mohan returned 4000 Rs after 1year which included the interest for the first year. He returned the remaining amount after 2 more years. What is the interest that Mohan ended up paying?a)2000b)2400c)2500d)3000Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Mohan borrowed 10000 rupees from Sohan. Sohan charges a simple interest of 10 pa. Mohan returned 4000 Rs after 1year which included the interest for the first year. He returned the remaining amount after 2 more years. What is the interest that Mohan ended up paying?a)2000b)2400c)2500d)3000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohan borrowed 10000 rupees from Sohan. Sohan charges a simple interest of 10 pa. Mohan returned 4000 Rs after 1year which included the interest for the first year. He returned the remaining amount after 2 more years. What is the interest that Mohan ended up paying?a)2000b)2400c)2500d)3000Correct answer is option 'B'. Can you explain this answer?.
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