Home › SSC CGL › Quantitative Aptitude › Simple & Compound Interest › A larger worked loan had a payoff amount of:
A larger worked loan had a payoff amount of:
A$22,894.40
B$22,948.40
C$22,489.40
D$22,984.40
Answer & Solution
Correct answer: D. $22,984.40
1. Again the payoff is principal plus interest.
2. This loan ran longer and larger.
3. The total was $22,984.40.
_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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