Question

A man takes a loan of ₹6,000 from his friend on 1st January 2019 with the condition that he will repay with accrued simple interest at the rate 6.25%, as and when the interest touches ₹75. On which date does the loan period expire?

A 14 February 2019
B 15 January 2020
C 20 October 2019
D 15 March 2019
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