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Someone desires to borrow Rs. 2000 to meet his financial obligation. This money can be borrowed from a loan agency at a monthly interest rate of 3 per cent. What is the total amount of principal plus simple interest due after 3 years if no intermediate payments are made?

[A].	Rs. 2180	[B].	Rs. 2160
[C].	Rs. 4160	[D].	Rs 20000

Answer: Option C

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