📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    A farmer borrowed ₹ 1,32,000 from a money lender to do

    cultivation in his field. The rate of interest is 12.5% per annum compounded annually. At the end of two years, he cleared is loan by paying ₹1,07,062.50 and his scooter. The cost (in ₹) of the scooter is:
    A 75,000 Correct Answer Incorrect Answer
    B 45,000 Correct Answer Incorrect Answer
    C 60,000 Correct Answer Incorrect Answer
    D 50,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next
    ask-question