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CLAT Sample Paper CLAT Sample Paper-6

  • question_answer
    Mahesh borrowed Rs 3000 from his friend Suresh at 15 % annum for 3 yr, Find the interest and money returned by Mahesh to Suresh.

    A)  Rs 3250

    B)  Rs5650

    C)  Rs 4350

    D)  None of the above

    Correct Answer: C

    Solution :

    Here P = Rs 3000, r = 15% per annum, t = 3 yr \[\therefore \] \[SI=\frac{P\times r\times t}{100}=\frac{3000\times 15\times 3}{100}=\text{Rs}\,1350\] \[\therefore \] \[A=P\,+SI=3000+1350=\text{Rs}\,\,4350\] Thus, Mahesh Paid Rs 1450 as interest to Suresh and the amount returned by Mahesh to Suresh = Rs 4350.


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