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Q: The rate of simple interest in a bank is reduced from 9% to 8.5% per annum. Calculate the amount if Rs. 312 less is received every year due to this reason on a certain deposit./
  • A. ` 61, 500
  • B. ` 64, 200
  • C. ` 62, 400
  • D. ` 60, 400
Correct Answer: Option C -
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Explanations:

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