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If loan balance including interest is ₹306250 and original loan was ₹290000, what is the interest added?

Answer and explanation

Correct answer: ₹16250

The direct answer is A: ₹16,250. The total loan balance including interest is ₹306,250, while the original principal is ₹290,000. The added interest is found by subtracting principal from the total amount: ₹306,250 − ₹290,000 = ₹16,250. Option A is correct because it is the exact difference. Option B, ₹14,500, is an incorrect subtraction result. Option C, ₹30,625, is not obtained from the given figures and may result from placing digits incorrectly or using an unsupported rate. Option D, ₹596,250, adds the two amounts instead of finding the interest component. No interest rate or time period is needed because both total payable and principal are already supplied. Memory trick: total including interest = principal + interest, so interest = total − principal.

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Reverse CalculationInterestTotal Due

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