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Practice mode Simple Interest

A shopkeeper borrows Rs. 9,500 at 6% per annum simple interest. What amount must he repay at the end of 4 years?

Correct answer D. Rs. 11,780

Explanation

SI = 9500 × 6 × 4 / 100 = Rs. 2,280, so the amount repaid = 9500 + 2280 = Rs. 11,780.

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