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Madhav received Rs 36,000 from a credit union. Every year he Borrowed at a rate of 12.5. So how much money will he have to repay in two and a half years?
1. 47250 Rupees
2. 40500 Rupees
3. 45000 Rupees
4. 250 Rupees

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Correct Answer - Option 1 : 47250 Rupees

Given:

Madhav received 36000 from a credit union

Calculation:

⇒ Interest = (36000 × 12.5 × 2.5)/100

⇒ Interest = 11,250

⇒ He will repay = 36000 + 11,250 = 47,250

∴ The required result will be 47,250.

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