Multiple choice

A boy borrowed a sum of Rs 19100 at the rate of 13% per annum at simple interest for 1 year and 73 days. How much did he pay to clear his debt ?

  1. 22079.3

  2. 22079.9

  3. 22079.6

  4. 22079.1
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

For a principal of Rs 19100 at 13% simple interest for 1 year 73 days (73/365 = 0.2 years), the interest is 19100 × 0.13 × 1.2 = Rs 2979.6. Total amount = 19100 + 2979.6 = Rs 22079.6, which matches option C.

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