Simple Interest

Quantitative Aptitude ( CCS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

Mr. Irani borrowed a sum of Rs. 10000 from a finance company for 6 years at 8% per annum. The amount returned by Mr. Irani to the finance company is

Rs. 14800

Rs. 12600

Rs. 13300

None of these

10000 x 6 x 8 /100 + 10000

= 100 x 48 + 10000 = 14800 rs.

Hence, option 4 is the correct answer.