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Q.

Ramya borrowed a loan from a bank for buying a computer. After 4 years she paid Rs. 26,640 and settled the accounts. If the rate of interest is 12% per annum, what was the sum she borrowed?


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a

Question Image

b

Question Image

c

Question Image

d

Question Image  

answer is A.

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Detailed Solution

Concept- After that, we'll determine how much each son, daughter, and wife contributed and create a linear equation. To compute simple interest, multiply the principal, the number of days between payments, and the daily interest rate.
The formula of simple interest is  Question Image.
 Question ImageQuestion ImageQuestion Image Hence, the correct answer is option 1).
 
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