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A sum of money was borrowed at 6% per an...

A sum of money was borrowed at 6% per annum simple interest. At the end of first year Rs 6800 was paid off and the rate of interest on the blance was reduced to 5% per annum. If the interest for the second year was `(11)/(20)` of the interest for the first year waht was the original sum borrowed?

A

Rs 10000

B

Rs 12000

C

Rs 17000

D

Rs 15000

Text Solution

Verified by Experts

The correct Answer is:
C
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