sumit borrowed 16000 for his son's marriage and repaid the loan after 3 years. if simple interest at the rate of 6.25% was charged, what additional money he had to pay?
Answers is 18000
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625/100 % of 16000
625/100 × 1/100 × 16000
1000
therefore additional money he had to pay = 16000 + 1000
= 17000
shreya08:
ans is 18000 !!
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