Then the amount paid by Tushar to the money-lender to clear his debt was :

Tushar borrowed a sum of Rs.12,000 at 15% per annum from a money-lender on 13th January 1987, and return the amount on 8th June 1987, to clear his debt. Then the amount paid by Tushar to the money-lender to clear his debt was

  1. Rs.11,394
  2. Rs.12,720
  3. Rs.13,650
  4. Rs.15,330
Anurag Mishra Professor Asked on 27th December 2015 in Maths.
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  • 1 Answer(s)

    Answer: (3) Rs. 12, 720 

    Solution:-
    Given – 
    Principal = Rs. 12, 000,  Time = 146 days  &  rate = 15% per annum 

    Then, Simple interest = 12, 000 x 15 x 146/100 x 365
     = 120 x 15 x 146/365
     = 720 

    Then, paid amount by Tushar to the money-lender = 12, 000 + 720
     Rs, 12, 720.

    Hence, the correct answer is option (2) Rs. 12, 720. 

    Anurag Mishra Professor Answered on 28th December 2015.
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