New RBI Grade B 2025 Notification will come Soon! Enroll Here

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

    Practice Next

    Relevant for Exams: