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Mr Faqir Chand took a loan from a bank at the rate of 8% p.(a) simple interest. After 4 years he had to pay Rs. 6,200 interest only for the period. The principal amount borrowed by him was:

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Mr Faqir Chand took a loan from a bank at the rate of 8% p.(a) simple interest. After 4 years he had to pay Rs. 6,200 interest only for the period. The principal amount borrowed by him was:






 
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