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Ram borrowed ...

Question

Ram borrowed ₹10000 from a bank. Later he paid back ₹12500. What amount did he pay as interest?

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Solution

Option D) ₹2500
Ram borrowed ₹10000 from the bank
He paid ₹12500 back to the bank.
Interest = Money Re-paid - Money borrowed
= ₹12500 - ₹10000 = ₹2500

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