A borrowed a sum of Rs. 3000 from his friend B on 31 December 2007 on the condition that he would return the same after one year with simple interest at 15% per annum. However, A gets into a position of returning the sum on 31 august 2008. How much amount had A to return to B?

A borrowed a sum of Rs. 3000 from his friend B on 31 December 2007 on

1.	A borrowed a sum of Rs. 3000 from his friend B on 31 December 2007 on the condition that he would return the same after one year with simple interest at 15% per annum. However, A gets into a position of returning the sum on 31 august 2008. How much amount had A to return to B?
A.	Rs. 3,300
B.	Rs. 3,305
C.	Rs. 3,200
D.	Rs. 3,310
Answer» B. Rs. 3,305

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A borrowed a sum of Rs. 3000 from his friend B on 31 December 2007 on the condition that he would return the same after one year with simple interest at 15% per annum. However, A gets into a position of returning the sum on 31 august 2008. How much amount had A to return to B?

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