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Kavya's deposit amounted to ₹9,100 after 5 years at 6% per annum simple interest. How much had she deposited (in ₹)?

Competition practiceSimple & Compound Interest
  • A7000
  • B6370
  • C7500
  • D6500

Step-by-Step Solution

Amount = , so = ₹7,000. (Taking 30% off ₹9,100 gives the wrong ₹6,370.)
Answer: A) 7000

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