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1. The simple interest on a certain sum of money at 4 percent per annum for 4 years is Tk. 87.5 more than interest on the same sum for 3 years at 5 percent per annum . Find the sum of money.
- A. Tk. 6,700
- B. Tk. 6,700
- C. Tk. 6,700
- D. Tk. 6,700
Answer: Option C
Explanation:
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