Question
A sum earns Rs. 900 simple interest at 6% per annum in 3 years. What is the principal?
Select an option. Your answer will be checked instantly.
Correct Answer: C. Rs. 5,000
Explanation:
Using SI = PRT/100, 900 = P × 6 × 3/100.
Solving gives P = Rs. 5,000.
Leave a Reply