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A person borrowed a sum at 8% p.a simple...

A person borrowed a sum at 8% p.a simple interest and in 8 years, the interest earned was Rs. 5,490 less than the amount of loan. This amount was :

A

Rs 15500

B

Rs 15600

C

Rs 14280

D

Rs 15250

Text Solution

Verified by Experts

The correct Answer is:
D
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