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Ram bought a bike for Rs. 60,000. He paid Rs. 10000 cash down and the rest at the end of 2 years at 15% simple interest. How much more did he pay as simple interest ?
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- Rs. 15,000
- Rs. 25,000
- Rs. 35,000
- Rs. 50,000
- Rs. 15,000
Correct Option: A
On the basis of given in question ,
Principal = Rs. (60000 – 10000) = Rs. 50000
We can find the required answer with the help of given formula ,
| SI = | ||
| 100 |
| S.I = | |
| 100 |
SI = Rs. 15000
