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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. 14875 Correct Answer Incorrect Answer
    D Rs. 15875 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Amount to be returned by A = {(8500 × 0.25 × 36)/12} + 8500 = 6375 + 8500 = Rs. 14875

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