alleryStart learning →An EMI of Rs 5,000 for 24 months repays a Rs 100,000 loan. Total interest paid?
ARs 24,000
BRs 120,000
CRs 5,000
DRs 20,000
Answer & Solution
Correct answer: D. Rs 20,000
Total paid is 5,000 x 24 = 120,000; less the 100,000 principal leaves Rs 20,000 interest.
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