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A firm borrowed a certain sum at 165 simple interest in four year...

Armed Forces Police Intelligence Exams Quizzes MCQ Quizzes Armed Forces Intelligence Computerized Initial Test 16

Question:
A firm borrowed a certain sum at 165 simple interest in four years the interest paid by it amounted to rs.18,000 less than the sum borrowed What was the sum borrowed?

Option A):
Rs.35,000
Option B):
Rs.50,000
Option C):
Rs.55,000
Option D):
Rs.45,000

Correct Answer is Option B):
Rs.50,000

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