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Question

Himanshu borrows Rs. 1000 from the bank. The Principal of the loan is _____.

A
1000
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B
2000
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C
3000
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D
4000
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Solution

The correct option is A 1000
Principal refers to the original sum of money borrowed in a loan, or put into an investment.
Here, the original sum of money borrowed is 1000.
So, Principal of the loan is Rs. 1000

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