[Jail Warder S-3 2021 ]

8. Varun borrowed Rs. 40,000 at 5% p.a compound interest. After 2 years, he repaid Rs. 22100 and after 2 more years, the balance with interest. What was the total amount that he paid as interest ?

1. 6355.00

2. 8620.25

3. 8000.00

4. 6125.00

Correct Answer :

6355.00