A person borrowed Rs. 500 at the rate of 5% per annum S.I. What amount – McqOptions

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1.	A person borrowed Rs. 500 at the rate of 5% per annum S.I. What amount will he pay to clear the debt after 4 years?
A.	Rs. 107.50
B.	Rs. 550
C.	Rs. 600
D.	Rs. 700
Answer» D. Rs. 700

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