A librarian borrowed ₹5,500 from a local fund at 9% simple interest per annum. After 4 years, he cleared the loan along with a late penalty of ₹600. Find the total amount he paid in all.
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Correct answer: D
Explanation
SSC MTS - 18 Feb 2026 - Shift 1 • Quantitative Aptitude • Q2
A librarian borrowed ₹5,500 from a local fund at 9% simple interest per annum. After 4 years, he cleared the loan along with a late penalty of ₹600. Find the total amount he paid in all.
Correct answer: D
Explanation