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A sum of money amounts to ₹7200 in 4 years at 5% per annum simple interest. Find the principal.

Competition practiceSimple & Compound Interest
  • A5800
  • B6000
  • C6400
  • D6200

Step-by-Step Solution

Amount = (1 + RT/100) = . So , giving = ₹6000.
Answer: B) 6000

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