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Mr. Ali borrows RS. 500 from bank for a period of 4 years. If interest rate is 11% per anum, what would be the amount of interest he has to pay back in addition to the principal amount?

✔ Correct Answer: B. Rs. 220

The correct answer to the question “Mr. Ali borrows RS. 500 from bank for a period of 4 years. If interest rate is 11% per anum, what would be the amount of interest he has to pay back in addition to the principal amount?” is Rs. 220. This question belongs to Mathematics. Practice the related questions below to master this topic for your FPSC, PPSC and NTS tests.

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