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    Question

    If the annual rate of simple interest increases from 8%

    to 12(1/2)%, a person's yearly income increased by ₹639. The principal amount (in ₹) is:
    A 14,200 Correct Answer Incorrect Answer
    B 8,200 Correct Answer Incorrect Answer
    C 12,500 Correct Answer Incorrect Answer
    D 11,250 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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