A man borrowed some money for 120 days. He asked the banker for the money and the banker charged Tk.360 interest @6% per annum. What was the amount…

A man borrowed some money for 120 days. He asked the banker for the money and the banker charged Tk.360 interest @6% per annum. What was the amount he borrowed?

  1. a) Tk. 18,000
  2. b) Tk.16,000
  3. c) Tk.15,000
  4. d) None of these

From the Combined Bank Officer (IT) October 2024 – Preliminary (BIBM) exam, question 23 of 95.

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