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| 1. |
A bank lent Rs. X to a farmer at 50/3% p.a for 1 year73 days. How much Compound interest the farmer had to pay if the Simple interest for the first year is Rs. 3000? The values of Compound Interest and Sum lent are given in the options; choose the option which correctly states the above question. |
| A. | Rs. 6300, Rs. 36000 |
| B. | Rs. 3700, Rs. 18000 |
| C. | Rs. 5800, Rs. 18000 |
| D. | Rs. 5400, Rs. 18000 |
| E. | Rs. 3700, Rs. 12000 |
| Answer» C. Rs. 5800, Rs. 18000 | |