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A sum of ₹ 4000 is lent on simple intere...

A sum of ₹ 4000 is lent on simple interest at the rate of 10% per annum. Simple interest for 5 years is how much more than the simple interest for 3 years?

A

₹ 400

B

₹ 600

C

₹ 800

D

₹ 1200

Text Solution

Verified by Experts

The correct Answer is:
C
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