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Recap of Accounting Process

How much inte...

Question

How much interest did he pay?
Money borrowed = ₹1,00,000
Money returned = ₹1,20,000

A

₹ 8,000

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B

₹12,000

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C

₹10,000

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D

₹20,000

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Solution

The correct option is D
₹20,000
.

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