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A sum of money at simple interest amounts to ₹4800 in 2 years and ₹5400 in 5 years. Find the principal.

Competition practiceSimple & Compound Interest
  • A4000
  • B4500
  • C4400
  • D4200

Step-by-Step Solution

Interest for 3 years = 5400 - 4800 = 600, so yearly interest = 200; principal = ₹4400.
Answer: C) 4400

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