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Ravi took a loan of Rs. 1 Lakh from SBI at the rate of 6% per annum of simple interest for 10 years. After some time, the rate of interest dropped down to 4% and as a result, Ravi paid only Rs. 1.48 lakhs at the end of the loan period. Number of years after which the rate of interest was decreased to 4% is___

Answer» Ravi took a loan of Rs. 1 Lakh from SBI at the rate of 6% per annum of simple interest for 10 years. After some time, the rate of interest dropped down to 4% and as a result, Ravi paid only Rs. 1.48 lakhs at the end of the loan period. Number of years after which the rate of interest was decreased to 4% is___


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