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mr ramesh availed a loan at simple interest at 6 i
Question:
Mr. Ramesh availed a loan at simple interest at 6% in the first year, with an increase of 0.5% in every subsequent year. How much loan did he take?
KMAT KERALA - 2020
KMAT KERALA
Updated On:
Oct 17, 2024
Rs. 10950
Rs. 11950
Rs. 12500
Rs. 1270
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The Correct Option is
C
Solution and Explanation
The correct answer is (C): Rs. 12500
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