A cetain sum has been borrowed at 16% pe...

A cetain sum has been borrowed at 16% per annum under simple interest. If the sum amounts to Rs. 12000 in 1 year and 3 months, find the sum borrowed.

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The correct Answer is:

Rs 10,000

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PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -EXAMPLE 9.5

A cetain sum has been borrowed at 16% per annum under simple interest....
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