Ram borrowed a sum of ₹50,000 and returned ₹67,000 to the bank. How much interest did he pay?
Solve the following problems.
A farmer borrowed a sum of Rs. 10,000 as loan from a co-operative society at 8% p.a simple interest. The government exempted 2% interest as famine relief. He returned the loan after 5 years. How much interest did he save?