At 6% per annum simple interest, Rahul borrowed Rs. 500. What amount will he pay to clear the debt after 4 years
Select the correct option:
A) 750
B) 700
C) 620
D) 600
E) None of these
We need to calculate the total amount to be paid by him after 4 years, so it will be Principal + simple interest.   So,   =&gt;500+500∗6∗4 /100=&gt;Rs.620   Option 620
<result>C</result>
At 6% per annum simple interest, Rahul borrowed Rs. 500. What amount will he pay to clear the debt after 4 years