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Sam Borrowed Some Money from His Friend at Simple Interest

Question 16

Multiple Choice

Sam borrowed some money from his friend at simple interest of 6% per annum. He returned his friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?


A) 8 years
B) 2.5 years
C) 5 years
D) 3.5 years

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