Multiple Choice Questions on Mr Irani borrowed a sum of Rs 10000 from a finance company for 6 years at 8 per annum The amount ret........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Mr Irani borrowed a sum of Rs 10000 from a finance company for 6 years at 8 per annum The amount ret...........

Quantitative Aptitude ( CCS) Simple Interest
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    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

    Correct Answer

    Rs. 12600

    Incorrect Answer

    Rs. 13300

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    10000 x 6 x 8 /100 + 10000 

    = 100 x 48 + 10000 = 14800 rs.

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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