Manoj borrowed a sum of ₹6,000 on simple interest at the rate of 5% per annum. If he decides to pay the entire amount at the end of one month, then the amount he needs to pay is: || ADRE 1.0 (SLRC 2022) Paper-I Solved Questions

QUESTION:

Manoj borrowed a sum of ₹6,000 on simple interest at the rate of 5% per annum. If he decides to pay the entire amount at the end of one month, then the amount he needs to pay is: 

(A) ₹6,300 

(B) ₹6,030 

(C) ₹6,250 

(D) ₹6,025


SOLUTION:


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