Mathematics · Simple Interest and Word Problems
A consumer purchased a medical refrigerator for ₹40,00,000 for a pharmacy. The refrigerator was defective, causing medicines worth ₹8,00,000 to spoil. The District Commission orders the manufacturer to refund the cost of the refrigerator, pay compensation for the spoiled medicines, and pay simple interest at 12% per annum on the total sum (₹48,00,000) for 18 months. What is the total amount the manufacturer must pay?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹55,20,000
- 2₹52,48,000
- 3₹56,64,000✓
- 4₹53,76,000
Correct answer
₹56,64,000
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