A sum of ₹10,000 is taken as a loan by Rajesh at a rate of 15% p.a. simple interest for 2 years. Rajesh could not repay it at the agreed time and aske...
Question
A sum of ₹10,000 is taken as a loan by Rajesh at a rate of 15% p.a. simple interest for 2 years. Rajesh could not repay it at the agreed time and asked for an extension of two more years. The lender included the interest amount for the period as principal for the next two years at the same rate of interest. What is the total amount paid by Rajesh at the end of 4 years?