Tushar borrowed a sum of Rs. 12000 at 15% per annum from a money

Question

Tushar borrowed a sum of Rs. 12000 at 15% per annum from a money - lender on 13th January, 1987 and return the amount on 8th June, 1987 to clear his debt. Then the amount paid by Tushar to the money - lender to clear his debt was = ?

Options:

A . Rs. 15000

B . Rs. 11394

C . Rs. 12720

D . Rs. 13650

Answer: Option C

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