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    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.?
    A Rs. 7500 Correct Answer Incorrect Answer
    B Rs. 11000 Correct Answer Incorrect Answer
    C Rs. 10500 Correct Answer Incorrect Answer
    D Rs. 10625 Correct Answer Incorrect Answer

    Solution

    Amount to be returned by A = {(7500 × 0.20 × 25)/12} + 7500 = 3125 + 7500 = Rs. 10625

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