Multiple Choice Questions on A worker took loan from his boss at the rate of 10 p a simple interest After 3 years he had to........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A worker took loan from his boss at the rate of 10 p a simple interest After 3 years he had to...........

Quantitative Aptitude ( CCS) Simple Interest
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     A worker took loan from his boss at the rate of 10% p.a. simple interest. After 3 years he had to pay Rs. 2700 interest only for the period. The principal amount borrowed by him was:

     Rs. 9000

    Correct Answer

     Rs. 10000

    Incorrect Answer

     Rs. 9500

    Incorrect Answer

     Rs. 8500

    Incorrect Answer
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    Explanation:

     Principal = Rs. ((100×2700)/(10×3))= Rs.9000

    By: Rishu Sondhi
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