A sum of Rs. 10000 was borrowed for 5 years at 4% p.a. simple interest. After 3 years a sum of Rs. 6200 was returned towards the loan and interest accumulated till then. How much money should be paid two years later for settling the loan?

A sum of Rs. 10000 was borrowed for 5 years at 4% p.a. simple interest

1.	A sum of Rs. 10000 was borrowed for 5 years at 4% p.a. simple interest. After 3 years a sum of Rs. 6200 was returned towards the loan and interest accumulated till then. How much money should be paid two years later for settling the loan?
A.	Rs. 5400
B.	Rs. 5500
C.	Rs. 3000
D.	Rs. 4800
Answer» B. Rs. 5500

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A sum of Rs. 10000 was borrowed for 5 years at 4% p.a. simple interest. After 3 years a sum of Rs. 6200 was returned towards the loan and interest accumulated till then. How much money should be paid two years later for settling the loan?

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