Mathematics · Simple Interest
Damini purchased an item costing ₹7,500 and paid ₹3,500 as a down payment. If simple interest is charged on the remaining amount at 9% per annum, how much interest did Damini pay when clearing all dues after 4 months?
- 1₹100
- 2₹132
- 3₹120✓
- 4₹125
Correct answer
₹120
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