Meena took a loan for Rs. 275,000 from the bank. She paid simple interest @ 8% p.a. and settled the account after 3 years. At the time of settlement she gave her old scooter to the bank plus Rs. 335,000. What price did the scooter fetch?

Meena took a loan for Rs. 275,000 from the bank. She paid simple inter

1.	Meena took a loan for Rs. 275,000 from the bank. She paid simple interest @ 8% p.a. and settled the account after 3 years. At the time of settlement she gave her old scooter to the bank plus Rs. 335,000. What price did the scooter fetch?
A.	60,000
B.	6,000
C.	66,000
D.	6,600
Answer» C. 66,000

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Meena took a loan for Rs. 275,000 from the bank. She paid simple interest @ 8% p.a. and settled the account after 3 years. At the time of settlement she gave her old scooter to the bank plus Rs. 335,000. What price did the scooter fetch?

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