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Question

SIMPLE INTEREST :

 

Vikrant invested an amount of Rs 19,845 at the rate of 6 p.c.p.a. for a certain period. After how many years will he obtain a simple interest of Rs 9,525.6 on the given amount at the given rate of interest?

  • 8 years
  • 5 years
  • 6 years
  • Cannot be determined
  • None of these
Answer- A

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