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A trader decided to take loan of Rs. 500000 from XYZ Bank of India at 5% interest rate. He further invests this money and gains 20% return on the money invested such that the difference between total amount after gain and amount to be returned is Rs.75000,then for how many years he took the loan?a)4 yearb)3 yearc)1 yeard)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A trader decided to take loan of Rs. 500000 from XYZ Bank of India at 5% interest rate. He further invests this money and gains 20% return on the money invested such that the difference between total amount after gain and amount to be returned is Rs.75000,then for how many years he took the loan?a)4 yearb)3 yearc)1 yeard)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A trader decided to take loan of Rs. 500000 from XYZ Bank of India at 5% interest rate. He further invests this money and gains 20% return on the money invested such that the difference between total amount after gain and amount to be returned is Rs.75000,then for how many years he took the loan?a)4 yearb)3 yearc)1 yeard)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.

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