Someone desires to borrow Rs. 2000 to meet his financial obligation. This money can be borrowed from a loan agency at a monthly interest rate of 3 per cent. What is the total amount of principal plus simple interest due after 3 years if no intermediate payments are made?

Chemical Economics Mcqs

A.Rs. 2180
B.Rs. 2160
C.Rs. 4160
D.Rs 20000

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