question_answer

Three years ago Jhonson borrowed Rs. 20,000 from a bank at the rate of 15% per annum. At the end of the year he paid the interest for that year and part of the loan, altogether Rs. 7500. Similarly, he paid Rs. 7500 at the end of the second year. Now if he wants to pay back his loans total amount to clear off the loan, then how much amount he will have to pay?

A) (a) Rs. 12575.25

B) (b) Rs. 11873.75

C) (c) Rs. 15496.25

D) (d) Rs. 105469.35

E) (e) None of these