Question
A borrowed Rs. 6000 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 = {(6000 × 0.25 × 45)/12} + 6000 = 5000 + 6000 = Rs. 11000
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