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A took a loan of Rs960 from B for 4 year...

A took a loan of `Rs960` from `B` for `4` years at a rate of simple interest of `6%` per annum. As per condition applied, in the first three years `(1)/(4)`th part of the principal must be repaid and at the end of `4th` year, rest of the principal and all of its interest should be repaid. Then what amound of money A have to repay at the end of the `4th` year?

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CALCUTTA BOOK HOUSE-SIMPLE INTEREST-Long-answer type questions
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