Hemanth borrowed \[\text{Rs}.\] 50000 at 12% per annum from a money-lender. At the end of 3 years, he cleared the account by paying \[\text{Rs}.\] 40000 and a gold ring. Find the cost of the ring.

Hemanth borrowed \[\text{Rs}.\] 50000 at 12% per annum from a money-le

1.	Hemanth borrowed \[\text{Rs}.\] 50000 at 12% per annum from a money-lender. At the end of 3 years, he cleared the account by paying \[\text{Rs}.\] 40000 and a gold ring. Find the cost of the ring.
A.	\[\text{Rs}.\] 40000
B.	\[\text{Rs}.\] 28000
C.	\[\text{Rs}.\] 18000
D.	\[\text{Rs}.\] 68000
Answer» C. \[\text{Rs}.\] 18000

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Hemanth borrowed \[\text{Rs}.\] 50000 at 12% per annum from a money-lender. At the end of 3 years, he cleared the account by paying \[\text{Rs}.\] 40000 and a gold ring. Find the cost of the ring.

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