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    • 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

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