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Q: Two equal sums are borrowed at 10% and 8% simple interest p.a. respectively, at the same time. The first sum is received 2 years earlier than the second one and the amount received in each case was `36,900. Each sum was ____?
  • A. `20,200
  • B. `18,100
  • C. `21,500
  • D. `20,500
Correct Answer: Option D -
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Explanations:

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