question_answer

Hemanth borrowed \[\text{Rs}.\] 50000 at 12% per annum from a money-lender. At the end of 3 years, he cleared the account by paying \[\text{Rs}.\] 40000 and a gold ring. Find the cost of the ring.

A)  \[\text{Rs}.\] 40000   

B)                \[\text{Rs}.\] 28000   

C)                \[\text{Rs}.\] 18000   

D)    \[\text{Rs}.\] 68000