SaralUPSC
  • Home
  • Blogs
  • Prelims Questions
  • Mains Questions
  • Tests
Start Free Test
SaralUPSC

Saral Preparation Pvt. Ltd.

Delhi, India

support@saralupsc.com

Toll Free: 1800 000 0000

Office Hours: 10 AM – 7 PM (All 7 days)

Company

  • About Us
  • Careers
  • Contact Us
  • Media
  • Sitemap

Products

  • Test Series
  • Live Quizzes
  • Notes
  • Videos
  • Blog

Useful Links

  • Prelims Questions
  • Mains Questions
  • Free Tests
  • Sign Up
  • Login

Follow us

© 2026 Saral Preparation Pvt. Ltd.. All rights reserved.

  • Privacy
  • Terms
  • User Policy
  1. Home
  2. /Prelims Questions
  3. /Miscellaneous
  4. /Question
Miscellaneous·2018·Easy

A person bought a refrigerator worth Rs. 22,800 with 12.5% interest compounded yearly. At the end of first year he paid Rs. 8,650 and at the end of second year Rs. 9,125. How much will he have to pay at the end of third year to clear the debt?

A person bought a refrigerator worth Rs. 22,800 with 12.5% interest compounded yearly. At the end of first year he paid Rs. 8,650 and at the end of second year Rs. 9,125. How much will he have to pay at the end of third year to clear the debt?

Options

  1. a.

    Rs. 9,990

  2. b.

    Rs. 10,000

  3. c.

    Rs. 10,590

  4. d.

    Rs. 11,250

    Correct answer

Explanation

Total interets in first year is 12.5% of 22800 = Rs. 2850. Debt at end of first year is Rs. 22800 + 2850 = Rs. 25650. After paying 8650, new principle is Rs. 17000. Now, 12.5% of that is 2125 So, debt at end of second year = 19125. So, he is left with debt Rs. 10000 + 12.5% of 10,000 i.e. total Rs. 11,250

Share

  • Share on X
  • Share on WhatsApp
  • Share on LinkedIn

Related prelims questions

  • For election to the Lok Sabha, a nomination paper can be filed by

    Miscellaneous · Easy

  • In a month if the seventh day is three days earlier than Saturday,then the nineteenth day of the month will be a

    Miscellaneous · Easy

  • Which among the following events happened earliest ?

    Miscellaneous · Easy

  • An 80-litre solution of alcohol and water has 75% alcohol. How much water (in litres) must be added to bring down the concentration of alcohol to 60%?

    Miscellaneous · Easy