Question
A borrowed Rs. 7500 from B for his business. How much
amount A will return to B at the end of 25 months such that the sum was borrowed at simple interest of 20% p.a.?Solution
Amount to be returned by A = {(7500 × 0.20 × 25)/12} + 7500 = 3125 + 7500 = Rs. 10625
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