New Month End Dhamaka - Flat 55% Off on All Courses

    Question

    A borrowed Rs. 9500 from B for his business. How much

    amount A will return to B at the end of 36 months such that the sum was borrowed at simple interest of 25% p.a.?
    A Rs. 14075 Correct Answer Incorrect Answer
    B Rs. 14805 Correct Answer Incorrect Answer
    C Rs. 16625 Correct Answer Incorrect Answer
    D Rs. 15875 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Principal (P) = Rs. 9500 Rate (R) = 25% per annum Time (T) = 36 months = 3 years Simple Interest (SI) formula: Total amount to return = 9500+7125 = Rs.16,625 Hence, A will return Rs.16,625 after 36 months.

    Practice Next