Rakesh took a loan for 6 years at the rate of 5% p.a. S.I. If the tota – McqOptions

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1.	Rakesh took a loan for 6 years at the rate of 5% p.a. S.I. If the total interest paid was Rs. 1230, the principal was ?
A.	Rs. 4100
B.	Rs. 4920
C.	Rs. 5000
D.	5300
Answer» B. Rs. 4920

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