Mathematics · Simple Interest
Ashish borrowed a certain sum from Ajay at 8.2% per annum simple interest. If Ashish has to pay a total interest of Rs. 16,400 at the end of five years, what is the amount borrowed?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 40,000✓
- 2Rs. 20,000
- 3Rs. 80,000
- 4Rs. 50,000
Correct answer
Rs. 40,000
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