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A certain sum of money in simple interest scheme amounts to Rs. 8,880 in 6 years and Rs. 7,920 in 4 years respectively. Find the principal and rate pe
Question

A certain sum of money in simple interest scheme amounts to Rs. 8,880 in 6 years and Rs. 7,920 in 4 years respectively. Find the principal and rate percent

A.

Principal = 6,000 rate = 8%

B.

Principal= 6,600, rate = 8%

C.

Principal = 6,000, rate = 7%

D.

Principal = 6,600, rate = 7%

Correct option is A

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