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Question Practice

If Rima takes a loan and the bank charges her 10% interest annually, what is her total repayment on a ₹1,000 loan after one year?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Banks and the Magic of Finance
Question Bank

If Rima takes a loan and the b...

Single Answer MCQ
Q-00131346

If Rima takes a loan and the bank charges her 10% interest annually, what is her total repayment on a ₹1,000 loan after one year?

1

₹1,100

2

₹1,200

3

₹1,500

4

₹1,050

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