I borrowed a sum of money from a bank at 15% p.a. simple interest, which was

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I borrowed a sum of money from a bank at 15% p.a. simple interest, which was to be discharged fully after 3 years by a payment of Rs 4640. I found myself able to discharge the debt 1\(\frac{1}{2}\)years before it was due. The amount 1 paid was

Options:

A . Rs 3900

B . Rs 3920

C . Rs 3940

D . Rs 3960

Answer: Option B

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