A company takes a loan of Rs. 25,000 at 8% interest for the extension of a mine. To repay the loan, an additional saving of Rs. 2500 per annum is necessary. The period taken for repayment is
A. 25 years
B. 28 years
C. 21 years
D. 30 years
Answer: Option C
This Question Belongs to Mining Engineering >> Mine Economics
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