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Question

A person deposited a sum at 7% simple interest per annum for 3 years. The interest he earned is Rs. 180 more than the compound interest he would have earned on Rs. 3000 at 9% p.a. for 2 years, compounded annually. What is the principal he deposited on simple interest?

A Rs.3560.43

B Rs.3571.43

C Rs.2561.43

D Rs.3544.29

E None of these

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