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Discussion :: Simple Interest

  1. Sohan has borrowed Rs. 5000 at the rate of 6% S.I. what amount he needs to pay after 3 years to clear the debt?
  2. A.
    Rs. 5500
    B.
    Rs. 5900
    C.
    Rs. 6100
    D.
    Rs. 6300

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    Answer : Option B)

    Answer with explanation:

    Principal = Rs. 5000

    Rate of interest= 6%

    Time period = 3 years

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