Question
A borrowed Rs. 6500 from B for his business. How much
amount A will return to B at the end of 48 months such that the sum was borrowed at simple interest of 20% p.a.?Solution
Amount to be returned by A = {(6500 × 0.20 × 48)/12} + 6500 = 5200 + 6500 = Rs. 11700
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