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      Question

      A man borrowed money at a 22% per annum simple interest. If

      he paid Rs. 10,450 after 36 months to clear his debt, how much did he originally borrow?
      A Rs.5280 Correct Answer Incorrect Answer
      B Rs.5775 Correct Answer Incorrect Answer
      C Rs.5000 Correct Answer Incorrect Answer
      D Rs.6300 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the borrowed amount be Rs ‘x’.

      ATQ;

      (10450 – x) = (x × 22 × 36) ÷ (100 × 12)

      Or, (10450 – x) = (33x/50)

      Or, 10450 = {(33x/50) + x}

      Or, 10450 = (83x/50)

      So, x = 6300

      Therefore, the amount borrowed was Rs. 6,300.

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