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A sum is deposited in a bank which gives simple interest. The sum becomes 1.25 times in 3 years. If there is a requirement of Rs. 7,60,000 after seven
Question

A sum is deposited in a bank which gives simple interest. The sum becomes 1.25 times in 3 years. If there is a requirement of Rs. 7,60,000 after seven years, how much amount (in Rs. ) should one deposit to fulfil the requirement?

A.

5,20,000

B.

5,70,000

C.

4,80,000

D.

6,00,000

Correct option is C

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