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RBI Assistant 2017 · Question 154 of 200

A took loan from a bank at the rate of 17%p.a. simple interest. After 5 years he had to pay Rs.6800 interest only for the period. The principal amount borrowed by him was:

Percentage

  1. A9200
  2. B8000Correct
  3. C8400
  4. D7800
  5. ENone of these

Answer: B. 8000

Explanation

Principal = Rs. [(100 × 6800)/(17 × 5)] = Rs. 8000

Source: RBI Assistant 2017 Mains Previous Year Paper (ixamBee solved PDF) · memory-based

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