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Simple Interest Practice Test 4

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Question : 9

Total: 26

A and B borrowed an equal sum of money from a money lender at the rate of 8% and 5½% p.a. respectively. If to clear the debt after 4 years, A paid Rs. 550 more than B, the total sum of money taken by them was :

Rs. 12500
Rs. 11000
Rs. 11500
Rs. 10500

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