Question

A bank provides a loan at the rate of 5% per annum to a trader on an amount of रु 12,50,000 for 5 years. The simple interest to be paid is:

• A. रु 4,20,250
• B. रु 3,12,500
• C. रु 2,25,400
• D. रु 2,40,600

Answer 1

Answer: (B)