Gopal borrows Rs 1,00,000 from a bank at 10% p.a. simple interest and clears…
TCS · 2026
Gopal borrows Rs 1,00,000 from a bank at 10% p.a. simple interest and clears the debt in five years. If the installments paid at the end of the first, second, third and fourth years to clear the debt are Rs 10,000, Rs 20,000, Rs 30,000 and Rs 40,000 respectively, what amount should be paid at the end of the fifth year to clear the debt?
- A.
Rs.20,000
- B.
Rs.24,500
- C.
Rs.30,000
- D.
Rs.35,900
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