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Aptitude · Q85

Interest

Competitive Exams · Aptitude · question 85

Q85

Kruti took a loan at simple interest rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays Rs. 8190 as interest at the end of 3 years, what was her loan amount ?

A.
Rs. 35400
B.
Rs. 36000
C.
Rs. 36800
D.
Cannot be determined
E.
None of these
Answer

Answer: Option E

Solution

Answer: Option E
Solution:
Let the loan amount be Rs. x