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Q.

A person borrowed Rs. 15000 at 12% per annum for $2 \frac{1}{2}$ years. Find the amount repaid by him

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a

Rs. 19500

b

Rs. 18500

c

Rs. 20500

d

Rs. 17500

answer is A.

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Detailed Solution

$P = 15000 R = 12 % T = 2 \frac{1}{2} y r s$

$S I = \frac{15000 \times 12}{100} \times \frac{5}{2} \Rightarrow 150 \times 30$ =4500

Amount repaid by him= $4500 + 15000 \Rightarrow 19500$

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