A person lent certain sum of money at 5% per annum simple interest and – McqOptions

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1.	A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)?
A.	1500
B.	1000
C.	3000
D.	2000
Answer» C. 3000

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