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Question

# Shalini borrowed ₹ 35,000 at a simple interest rate 8.5 % per annum. How much money will she pay at the end of 4 years to clear her debt?

A

₹ 11,900

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B

₹ 46,900

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C

₹ 42,900

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D

₹ 35,000

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Solution

## The correct option is B ₹ 46,900 We know that S.I. = PRT100 where S.I. is the simple interest, P is the principal, R is the rate of interest per annum and T is the time(number of years). Given P = ₹ 35,000, R = 8.5 % per annum and T = 4 years S.I. = P×T×R100 = 35,000×4×8.5100 = ₹ 11,900 ∴ Amount to be paid at the end of 4 years = P + I = 35,000 + 11,900 = ₹ 46,900

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