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Ram lends a sum of money to Shyam at an interest rate of 5% p.a. After two years, he charges an interest of 8% p.a. At the end of five years, Shyam pays Rs. 13400 to Ram, how much money did he initially borrow? | |
A. | Rs.8000 [Wrong Answer] |
B. | Rs.9000 [Wrong Answer] |
C. | Rs.10000 [Correct Answer] |
D. | Rs.10500 [Wrong Answer] |