Arvind deposited a sum of money with a bank on 1st january, 2012 at 8% simple in

Question

Arvind deposited a sum of money with a bank on 1st january, 2012 at 8% simple interest per annum. He received an amount 3144 on 7th August, 2012. The money he deposited with the bank was = ?

Options:

A . Rs. 3080

B . Rs. 2500

C . Rs. 3000

D . Rs. 3100

Answer: Option C

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