Mathematics for FinancePYQ Jun 24Question 1261 of 422
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Ram borrowed $5,000$ at $12.5\%$ per annum compound interest. The money was repaid after $3$ years. The total interest paid by him approximately is $(1+0.125)^3 = 1.4238$

Options

A$2,119$
B$2,200$
C$2,000$
D$2,100$
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Correct Answer

Option a$2,119$

All Options:

  • A$2,119$
  • B$2,200$
  • C$2,000$
  • D$2,100$

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