Q. M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs.120. Find the principal amount.
A) Rs.5000
B) Rs.4000
C) Rs.7000
D) Rs.6000
✔ Correct Answer: Rs.6000
Exam Insight
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A) Rs.5000
B) Rs.4000
C) Rs.7000
D) Rs.6000
✔ Correct Answer: Rs.6000
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