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If a sum of Rs 3000 is lent out at 3%...

If a sum of Rs 3000 is lent out at 3% per annum for 20 years under simple interest, then the amount at the end of 20th year is Rs 1800 (b) Rs 1080 Rs 3600 (d) Rs 4800

A

1800

B

1080

C

3600

D

4800

Text Solution

Verified by Experts

The correct Answer is:
D
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