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If a person repaid Rs. 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?

11,225
11,250
10,000
7,500

Correct Answer: 11,250

Explanation:

SI = PTR/100

SI = PX100/100

SI = P

So, Amount=P+SI=2P→22500 = 2P→P = 11250

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