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      Question

      A borrowed Rs. 9500 from B for his business. How much

      amount A will return to B at the end of 36 months such that the sum was borrowed at simple interest of 25% p.a.?
      A Rs. 14075 Correct Answer Incorrect Answer
      B Rs. 14805 Correct Answer Incorrect Answer
      C Rs. 16625 Correct Answer Incorrect Answer
      D Rs. 15875 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Principal (P) = Rs. 9500 Rate (R) = 25% per annum Time (T) = 36 months = 3 years Simple Interest (SI) formula: Total amount to return = 9500+7125 = Rs.16,625 Hence, A will return Rs.16,625 after 36 months.

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