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A loan of rs.15,000 is made at a simple interest rate of 12% the ...

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

Question:
A loan of rs.15,000 is made at a simple interest rate of 12% the amount that borrower owes at the end of the ten month is?

Option A):
Rs.16,500
Option B):
Rs.13,000
Option C):
Rs.16,800
Option D):
Rs.1500

Correct Answer is Option A):
Rs.16,500

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