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Simple Interest

Mr. A borrowe...

Question

Mr. A borrowed Rs. 10,000 at rate of 11 p.c.p.a. Calculate the amount he returns after one year.

A

Rs. 1,200

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B

Rs. 12,200

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C

Rs. 11,100

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D

Rs. 1,100

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Solution

The correct option is C Rs. 11,100

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