At simple interest Gaurav borrows Rs. 1,500 from Sandeep at the rate of 14% per annum. What amount of money should Gaurav pay to Sandeep after 1 year to clear the debt?

At simple interest Gaurav borrows Rs. 1,500 from Sandeep at the rate o

1.	At simple interest Gaurav borrows Rs. 1,500 from Sandeep at the rate of 14% per annum. What amount of money should Gaurav pay to Sandeep after 1 year to clear the debt?
A.	Rs. 1,700
B.	Rs. 1,710
C.	Rs. 1,705
D.	Rs. 1,715
Answer» C. Rs. 1,705

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At simple interest Gaurav borrows Rs. 1,500 from Sandeep at the rate of 14% per annum. What amount of money should Gaurav pay to Sandeep after 1 year to clear the debt?

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