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Q:

If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs. 4800. His principal (in Rs.) is:   

  • 1
    Rs.90,000
  • 2
    Rs.96,000
  • 3
    Rs.88,000
  • 4
    Rs.1,00,000
  • 5
    None of these
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Answer : 2. "Rs.96,000"

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