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?
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?
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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