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Mr. Iyer gets this message from his bank. How much money had he put in the fixed deposit?

Class 7Simple InterestComparing Quantities

A₹ 12,000
B₹ 600
C₹ 7,080
D₹ 6,000

Step-by-Step Solution

P = \frac{100 \times S I}{R \times T} = \frac{100 \times 1080}{9 \times 2} = ₹ 6, 000

. (₹ 12,000 forgets the 2 years.)

Answer: D) ₹ 6,000

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