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| Q.28 | Ravi took a loan from a bank at the rate of 15% per annum at simple interest. After 5 years Ravi had to pay Rs.12,000 as interest only for the period. The principal amount borrowed by Ravi was : | |
| Ans | 1. Rs. 20000 | |
| 2. Rs. 18000 | ||
| 3. Rs. 16000 | ||
| 4. Rs. 9000 |
Correct Ans Provided: 3
