A person borrows ₹24,000 at 12% simple interest per annum. If the interest is paid in full after 8 months, and the borrower then returns ₹20,000 of the principal, by what percentage can the remaining principal be reduced if the total repayment (principal + interest) is to be ₹25,000?
A person borrows ₹24,000 at 12% simple interest per annum. If the…
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