Question

Suman paid ₹9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?

A ₹12,000 Correct Answer Incorrect Answer
B ₹13,250 Correct Answer Incorrect Answer
C ₹12,500 Correct Answer Incorrect Answer
D ₹11,750 Correct Answer Incorrect Answer

Solution

The correct answer is A

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