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A person takes a loan of Rs. 2500 at 4 % simple interest. He returns Rs. 1500 at the end of 1 year. What amount he would pay to clear his dues at the end of 2 years ?
- ARs. 1100
- BRs. 1140
- CRs. 1050
- DRs. 1150
Correct answer: B
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Rs. 1140
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