alleryStart learning →A USD 10,000 loan raised at Rs 45 could be borrowed locally at 11%. Local interest?
ARs 58,500
BRs 54,000
CRs 24,000
DRs 49,500
Answer & Solution
Correct answer: D. Rs 49,500
Local interest is 10,000 x 45 x 11%, which equals Rs 49,500.
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