Mathematics · Interest
On a certain principal amount, at the interest rate of 2% per quarter, the simple interest after 24 months is Rs. 960. Find the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8,000
- 2Rs. 6,000✓
- 3Rs. 5,000
- 4Rs. 7,000
Correct answer
Rs. 6,000
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