Swayam took a loan from a bank and promised to pay the amount in three – McqOptions

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1.	Swayam took a loan from a bank and promised to pay the amount in three equal quarterly installments of Rs. 17500 each. The amount he had borrowed is at the rate of interest of 20% per annum compounded quarterly, find the total interest charged on the amount?
A.	Rs. 4700
B.	Rs. 4800
C.	Rs. 4900
D.	Rs. 5000
E.	None of these
Answer» D. Rs. 5000

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