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A sum earns simple interest of ₹900 in 5 years at 6% per annum. Find the principal in rupees.

Competition practiceSimple & Compound Interest
  • A2500
  • B3500
  • C2800
  • D3000

Step-by-Step Solution

Principal = (SI × 100) ÷ (rate × time) = = ₹3000.
Answer: D) 3000

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