Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at 16% – McqOptions

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1.	Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest. What was the amount he took as loan?
A.	rs. 16400
B.	rs. 12000
C.	rs. 12500
D.	rs. 18000
Answer» C. rs. 12500

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