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If simple interest is Rs. 640 in 5 years at the rate of 8%, then what will be the principal amount?
Question

If simple interest is Rs. 640 in 5 years at the rate of 8%, then what will be the principal amount?

A.

Rs. 1,280

B.

Rs. 1,600

C.

Rs. 3,200

D.

Rs. 2,400

Correct option is B

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