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Rs 3500 are invested for 3 years in a sc...

Rs 3500 are invested for 3 years in a scheme of simple interest at a rate of 16% per annum. What will be the amount (in Rs) obtained after 3 years?

A

5050

B

7200

C

5180

D

4500

Text Solution

Verified by Experts

The correct Answer is:
C
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