Tim borrowed a sum of ₹75,000 and returned ₹85,000 to the bank. How much interest did he pay?

₹16,000

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₹14,000

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₹12,000

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₹10,000

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Solution

The correct option is D ₹10,000
Sum borrowed = ₹75,000
Amount returned = ₹85,000

Interest paid = ₹85,000 - ₹75,000
= ₹10,000

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Tim borrowed a sum of ₹75,000 and returned ₹85,000​ to the bank. How much interest did he pay?

The correct option is D ₹10,000Sum borrowed = ₹75,000 Amount returned = ₹85,000 Interest paid = ₹85,000 - ₹75,000 = ₹10,000

Tim borrowed a sum of ₹75,000 and returned ₹85,000 to the bank. How much interest did he pay?

The correct option is D ₹10,000
Sum borrowed = ₹75,000
Amount returned = ₹85,000

Interest paid = ₹85,000 - ₹75,000
= ₹10,000