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K borrowed Rs. P at a compound interest ...

K borrowed Rs. P at a compound interest of 20% p.a. for 2 years . Interest amount payable was Rs 5,280. What was the value of P ?

A

Rs 12,000

B

Rs 11,000

C

Rs 11,750

D

Rs 12,500

Text Solution

Verified by Experts

The correct Answer is:
A
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