Kruti took some loan at $6 %$ per annum simple interest during the first year with an increase of $0.5 %$ for each year. After $4$ years she paid Rs. $3375$ as interest. How much was the loan ?

Rs.

12500

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Rs.

33250

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Rs.

15800

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Cannot be determined

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Solution

The correct option is A Rs. $12500$
Suppose the principal is $x$
$\Rightarrow x [\frac{6}{100} + \frac{6.5}{100} + \frac{7}{100} + \frac{7.5}{100}] = 3375$
$\Rightarrow \frac{x}{100} \times 27 = 3375$
$\Rightarrow x = \frac{3375 \times 100}{27} = 12500$

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Kruti took some loan at 6% per annum simple interest during the first year with an increase of 0.5% for each year. After 4 years she paid Rs. 3375 as interest. How much was the loan ?

The correct option is A Rs. 12500Suppose the principal is x⇒x[6100+6.5100+7100+7.5100]=3375⇒x100×27=3375⇒x=3375×10027=12500

Kruti took some loan at $6 %$ per annum simple interest during the first year with an increase of $0.5 %$ for each year. After $4$ years she paid Rs. $3375$ as interest. How much was the loan ?

The correct option is A Rs. $12500$
Suppose the principal is $x$
$\Rightarrow x [\frac{6}{100} + \frac{6.5}{100} + \frac{7}{100} + \frac{7.5}{100}] = 3375$
$\Rightarrow \frac{x}{100} \times 27 = 3375$
$\Rightarrow x = \frac{3375 \times 100}{27} = 12500$