Damani purchased an item costing Rs. 7,500 and paid Rs. 3,500 as a down payment for the same. If the simple interest charged for the remaining amount is 9% per annum and Damani cleared all dues after 4 months of the purchase, how much did Damani pay after 4 months as interest?
A. Rs. 120
B. Rs. 100
C. Rs. 132
D. Rs. 125
Answer: Option A
Solution (By Examveda Team)
$$\eqalign{ & {\text{She paid}} = 3500 \cr & {\text{Left amount}} = 7500 - 3500 = 4000 \cr & {\text{S}}{\text{.I}}{\text{.}} = \frac{{4000 \times 9 \times 4}}{{100 \times 12}} = 120 \cr} $$This Question Belongs to Arithmetic Ability >> Interest
Join The Discussion