A man borrowed Rs. 8000 at 6% per annum simple interest of 5yr. After 3 years he returned Rs. 7000. How much amount should he return at the end to settle the loan?

A man borrowed Rs. 8000 at 6% per annum simple interest of 5yr. After

1.	A man borrowed Rs. 8000 at 6% per annum simple interest of 5yr. After 3 years he returned Rs. 7000. How much amount should he return at the end to settle the loan?
A.	Rs. 2732.80
B.	2612.20
C.	Rs. 2824.40
D.	Rs. 2190.50
Answer» B. 2612.20

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A man borrowed Rs. 8000 at 6% per annum simple interest of 5yr. After 3 years he returned Rs. 7000. How much amount should he return at the end to settle the loan?

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