Mr. X borrowed ₹ 6000 from Mr. Y at 10% per annum simple interest. After two years Mr. X wanted to repay this amount, Mr. Y is insisted on paying…
CA Foundation · Quantitative Aptitude · PYQS · September 2025
Mr. X borrowed ₹ 6000 from Mr. Y at 10% per annum simple interest. After two years Mr. X wanted to repay this amount, Mr. Y is insisted on paying the amount at compound interest at the same rate compounded annually. How much extra does Mr. X have to pay?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹60
Topics: Part-A: Business Mathematics
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