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Q.

If Rs. 25000 is borrowed at 9%  interest p.a, then the amount paid at the end of 3 years is

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a

Rs. 37150

b

Rs. 31750

c

Rs. 30000

d

Rs. 27250

answer is C.

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Detailed Solution

Given that P=Rs.25000

T=3years,R=9%

Simple interest (I) =P×T×R100

=25000×3×9100

=250×3×9=Rs.6750

Amount paid at the end of 3 years

=P+I=Rs.25000+Rs.6750=Rs.31750

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