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Ramesh, a tailor in Kanpur, takes a loan of ₹ 15,000 for 3 years under the scheme on this poster. How much must he pay back in all?

Class 7Simple InterestComparing Quantities
  • A₹ 5,400
  • B₹ 16,800
  • C₹ 19,500
  • D₹ 20,400

Step-by-Step Solution

. He pays back principal + interest .
Answer: D) ₹ 20,400

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