Suman paid ₹9,600 in interest on a loan she obtained 5 yea

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M: +2.00/-0.50

Suman paid ₹9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?

[SSC CGL 3rd Dec 2022 Shift-2 With Answers]

A

₹13,250

B

₹12,500

C

₹12,000

D

₹11,750

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