C borrowed ₹6000 from D on 15 March 2023 at a simple interest rate of 10% per annum. C decided to repay the loan on 15 September 2023. How much total amount must C return to D?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. ₹6300.
Time = 6 months (15 March 2023 to 15 September 2023) = 0.5 years
SI = (P × R × T)/100 = (6000 × 10 × 0.5)/100 = 300
Amount = 6000 + 300 = 6300