Gujarati
Hindi
6.Interest
medium

A person takes ₹ $10,000$ loan at the rate of $10 \%$ interest compounding yearly for the period of $4$ years. How much interest (In ₹) he has to pay?

A

$4371$

B

$4581$

C

$4641$

D

$4641$

Solution

(d) Required interest

$=10000\left(1+\frac{10}{100}\right)^{4}-10000$

$=₹ 10000 \times \frac{(11)^{4}}{10000}-10000$

$=₹(14641-10000)$

$=₹ 4641$

Standard 13
Quantitative Aptitude

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