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Q: A borrows a sum at 6% per annum. Rate is to be increased by 5% each year. After four year he pays Rs.3375 as simple interest. How much had he borrowed?

  • 1
    12,000
  • 2
    12500
  • 3
    10,000
  • 4
    8,000
  • 5
    None of these
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Answer : 2. "12500"

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