A borrows a sum at 6% per annum. Rate is to be increased by 5% each ye – McqOptions

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1.	A borrows a sum at 6% per annum. Rate is to be increased by 5% each year. After four year he pays Rs.3375 as simple interest. How much had he borrowed?
A.	12,000
B.	12500
C.	10,000
D.	8,000
E.	None of these
Answer» C. 10,000

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