Question

A borrowed Rs. 9000 from B for his business. How much amount A will return to B at the end of 40 months such that the sum was borrowed at simple interest of 25% p.a.?

A Rs. 7500 Correct Answer Incorrect Answer
B Rs. 11000 Correct Answer Incorrect Answer
C Rs. 10500 Correct Answer Incorrect Answer
D Rs. 16500 Correct Answer Incorrect Answer

Solution

Amount to be returned by A = {(9000 × 0.25 × 40)/12} + 9000 = 7500 + 9000 = Rs. 16500

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