+1 vote
by kratos

Mr. Khanna took a loan of Rs.10,000 on simple interest for two years at the rate of 3 p.c.p.a. The total amount that he will be paying as interest in 2 years is 13% of his monthly salary. What is his monthly salary?

(a) Rs.30,000 (b) Rs.16,000 (c) Rs.20,000 (d) Rs.12,000 (e) of these

1 Answer

+1 vote
by kratos
 
Best answer

Let his monthly salary be x 3% of x = 600

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