$A$ person takes a loan of ₹ $10,000$ at an interest rate of $10 \%$ compounded annually for a period of $4$ years. How much interest (in ₹) does he have to pay?

  • A
    $4371$
  • B
    $4581$
  • C
    $4641$
  • D
    $4641$

Explore More

Similar Questions

On what sum will the compound interest (in ₹) for $2 \frac{1}{2}$ years at $10 \%$ per annum amount to ₹ $6352.50$?

In a certain number of years,a sum of money doubles itself at $6 \frac{1}{4} \%$ simple interest per annum. The required time (in $years$) is:

If the amount is $6 \frac{1}{4}$ times the principal after $2$ years at compound interest,the rate of interest (in $\%$) per annum is

Amit invested an amount of $Rs. 25000$ in a fixed deposit at a compound interest rate of $8 \%$ per annum for $2$ years. What amount (in $Rs.$) will Amit receive at the end of the period?

The $C.I.$ on $Rs. 10000$ at $20 \%$ per annum at the end of $1$ year $6$ months,if the interest is calculated half-yearly,will be:

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial
For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free
For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo