A man borrows Rs. 4,000 from a bank at 7 1 2 % interest. At the end of every year, he pays Rs. 1,500 as part repayment of loan and interest. How much does he still owe to the Bank after 3 such annual payments?

Board: JKSSB
Secondary Mathematics
Simple Interest / Compound Interest
Attempts: 32  •  Right: 1  •  Wrong: 5