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Q: A man took a loan from a bank at the rate of 11% p.a. simple interest. After three years, he had to pay `9,570 interest only for the period. The principal amount borrowed by him was:
  • A. `26,545
  • B. `29,000
  • C. `27,685
  • D. `25,000
Correct Answer: Option B -
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Explanations:

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