Mathematics · Simple Interest
A trader borrowed ₹15,000 from a lender on April 1st at 9% per annum simple interest. If they settled the entire debt on September 1st of the same year, what was the total repayment amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹15,580.00
- 2₹15,569.58
- 3₹15,562.50✓
- 4₹15,550.00
Correct answer
₹15,562.50
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