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