Ramesh borrowed Rs. 1,20,000 interest free from Aman. If he pays back at 6.25% of this amount quarterly and has already paid Rs. 30,000, then for how many months does he need to pay back his loan for the rest of the amount?
A. 36 months
B. 24 months
C. 42 months
D. 38 months
Answer: Option A
This Question Belongs to Arithmetic Ability >> Compound Interest
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