Tushar borrowed a sum of Rs. 12000 at 15% per annum from a money - le…

Question

Tushar borrowed a sum of Rs. 12000 at 15% per annum from a money - lender on 13th January, 1987 and return the amount on 8th June, 1987 to clear his debt. Then the amount paid by Tushar to the money - lender to clear hi…

Accepted Answer

Option C. Rs. 12720. Answer & Solution Answer: Option C Solution: Time = 18 + 28 + 31 + 30 + 31 + 8 = 146 days & Simple Interest & = 12000 × 15 × 146365 × 100 & = Rs . 720 & Amount will be & = Rs . ( 12000 + 720 ) & = Rs . 12720

Tushar borrowed a sum of Rs. 12000 at 15% per annum from a money - lender on 13th January, 1987 and return the amount on 8th June, 1987 to clear his debt. Then the amount paid by Tushar to the money - lender to clear his debt was = ?

Solution