A man took a loan at simple interest at 7% in the first year with an increase of 0.5% in each subsequent year. He pays 3690 as interest after 5 yr . How much loan did he take ?

A man took a loan at simple interest at 7% in the first year with an i

1.	A man took a loan at simple interest at 7% in the first year with an increase of 0.5% in each subsequent year. He pays 3690 as interest after 5 yr . How much loan did he take ?
A.	9250
B.	9440
C.	9225
D.	9360
Answer» D. 9360

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A man took a loan at simple interest at 7% in the first year with an increase of 0.5% in each subsequent year. He pays 3690 as interest after 5 yr . How much loan did he take ?

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