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Simple Interest
Grade Level
GMAT
Q.082 Simple Interest
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🔴 Hard
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For a principal P, simple interest at 8% for 2.5 years exceeds simple interest at 6% for 1.5 years by $220. What is P?
A
$1,000
B
$1,500
C
$2,000
D
$2,750
E
$2,200
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