Sudhir borrowed rupees 1600 at 12 percent simple interest per annum. H – InterviewSolution

1.

Sudhir borrowed rupees 1600 at 12 percent simple interest per annum. How much should he pay at the end of 2 years 10 months to clear his debt?

Answer»

time = 2 10/12 years = 2 5/6 years

simple interest = 1600*12*17/6*100

= 16*2*17

= 544 rupees

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