UPSC Prelims 2018 · CSAT (Paper 2) · Q69

Basic Numeracy

Medium · Compound interest

A person borrows Rs. 10,000 at 10% per annum compound interest. At the end of the first year, the person repays Rs. 3,000. At the end of the second year, the person repays Rs. 4,000. What amount must be paid at the end of the third year to clear the debt completely?