Business Mathematics MCQ: Sam borrowed some money from his friend at simple interest of 6% per annum. He returned his friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?

Sam borrowed some money from his friend at simple interest of 6% per annum. He returned his friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?

Correct Answer: 5 years

Make the most of this question

This page focuses on one Business Mathematics question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

← More Business Mathematics MCQs All Faculty topics Mock test hub