Mohan borrowed a sum of Rs 75,000 from a bank at a rate of 19% per ann

1.	Mohan borrowed a sum of Rs 75,000 from a bank at a rate of 19% per annuminterest. How much sum he will return after 5%2 years?(1) Rs 1,13,375 (2) Rs 1,53,375 (3) Rs 1,83,375 (4) Rs 1,93,375
Answer» Given,Principal amount P = 75000, Rate of Interest R = 19%, Time period T = 5 1/2 years SI = PRT/100 = 750001911/200 = 78375 Amount he will return after 51/2 years = 75000 + 78375= 15375 (2) is correct option

Mohan borrowed a sum of Rs 75,000 from a bank at a rate of 19% per annuminterest. How much sum he will return after 5%2 years?(1) Rs 1,13,375 (2) Rs 1,53,375 (3) Rs 1,83,375 (4) Rs 1,93,375

Answer»

Given,Principal amount P = 75000, Rate of Interest R = 19%, Time period T = 5 1/2 years

SI = P*R*T/100 = 75000*19*11/200 = 78375

Amount he will return after 51/2 years = 75000 + 78375= 15375

(2) is correct option