Pushpa borrows ₹70,000 from a friend with a promise to return it in next 6 months. In the first four months he returned ₹50,000 in total, In the fifth and sixth months he returned ₹19,000 and ₹8,000 respectively. How much interest did he pay?

₹8,000

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₹5,000

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₹7,000

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₹6,000

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Solution

The correct option is C
₹7,000
Total money borrowed = ₹70,000
Total money returned = ₹50,000 + ₹19,000 + ₹8,000 = ₹77,000
Interest paid = ₹77,000 - ₹70,000 = ₹7,000

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Pushpa borrows ₹70,000 from a friend with a promise to return it in next 6 months. In the first four months he returned ₹50,000 in total, In the fifth and sixth months he returned ₹19,000 and ₹8,000 respectively. How much interest did he pay?

The correct option is C ₹7,000Total money borrowed = ₹70,000 Total money returned = ₹50,000 + ₹19,000 + ₹8,000 = ₹77,000 Interest paid = ₹77,000 - ₹70,000 = ₹7,000

The correct option is C
₹7,000
Total money borrowed = ₹70,000
Total money returned = ₹50,000 + ₹19,000 + ₹8,000 = ₹77,000
Interest paid = ₹77,000 - ₹70,000 = ₹7,000