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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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