Question
Satyam took a loan of Rs. 5000 at 15% per year as rate of interest. The amount paid back by him at the end of the year is (in rupees) ___ .
Answer: Option A
:
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Simple Interest = PRT100
Principal, P = 5000
Rate of Interest, R = 15
Time, T = 1
Simple Interest = 5000×15×1100 = Rs 750
Amount to be paid = 5000 + 750 = Rs. 5750
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