Q: Ravi took a loan from a bank at the rate of 8% p.a. simple interest. After 5 years, he had to pay an interest of रु 6,400 for the period. Find the Principal amount borrowed by Ravi.
- A. रु 10,000
- B. रु 16,000
- C. रु 15,000
- D. रु 18,000
Correct Answer:
Option B -
Explanations:
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