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P takes loan of Rs. 9,000 at the rate of simple interest 8.5% for 2 years and 8 months, then total amount to be returned by him will be
Question

P takes loan of Rs. 9,000 at the rate of simple interest 8.5% for 2 years and 8 months, then total amount to be returned by him will be

A.

Rs. 2,040

B.

Rs. 3,060

C.

Rs. 11,040

D.

Rs. 12,060

Correct option is C

Principle = 9000/-
Rate of interest = 8.5
Year = 2 year 8 month = 24 + 8 = 32 months
Simple interest = ?

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