Mathematics · Simple Interest
A farmer borrows Rs. 62,300 at 6.5% per annum simple interest for 6 years to purchase equipment. What is the total amount to be repaid?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 82,597
- 2Rs. 88,597
- 3Rs. 84,597
- 4Rs. 86,597✓
Correct answer
Rs. 86,597
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