Ambar took some loan from a bank for one year at the rate of 12.5% p.a. If he paid back Rs.13,500 to the bank at the end of one year, then what amount did he borrow?

Rs 10,800

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Rs 11,200

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Rs 11,540

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Rs 12,000

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Solution

The correct option is D
Rs 12,000

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Ambar took some loan from a bank for one year at the rate of 12.5% p.a. If he paid back Rs.13,500 to the bank at the end of one year, then what amount did he borrow?

The correct option is D Rs 12,000

The correct option is D
Rs 12,000