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Aptitude · Q209

Interest

Competitive Exams · Aptitude · question 209

Q209

Damani purchased an item costing Rs. 7,500 and paid Rs. 3,500 as a down payment for the same. If the simple interest charged for the remaining amount is 9% per annum and Damani cleared all dues after 4 months of the purchase, how much did Damani pay after 4 months as interest?

A.
Rs. 120
Answer
B.
Rs. 100
C.
Rs. 132
D.
Rs. 125

Answer: Option A

Solution

Answer: Option A
Solution: