Question

Ravi borrowed a sum of `1800 at the rate of 6% per annum simple interest and a sum of `2800 at the rate of 7% per annum simple interest for the same duration and paid `2736 in all as interest. His friend Shiv borrowed a sum of `2500 at the rate of 8% per annum simple interest for the same duration. How much (`in) Shiv had to pay to clear off the loan completely?

• A. 3,900
• B. 4,000
• C. 4,300
• D. 4,500

Answer 1

Answer: (C)