A person takes a loan of ₹ 5000 at 5% simple interest. He returns ₹ 3000 at…
2025
A person takes a loan of ₹ 5000 at 5% simple interest. He returns ₹ 3000 at the end of one year. How much he would have to pay, in order to clear his dues, at the end of 2 years?
Answer: C. ₹ 2350
- A.
₹ 2450
- B.
₹ 2500
- C.
₹ 2350
- D.
₹ 2400
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Correct answer: C
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