20
Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was
- A4400
- B4300
- C4200
- D4100
Correct answer: D
Discussion 1
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0
CCommunity
4100
S.I.=(P∗R∗T)/100
=>P=(S.I.∗100)/(R∗T)
By applying above formula we can easily solve this question, as we are already having the simple interest.
=>P=(1230∗100)/(6∗5)
=>P=4100
S.I.=(P∗R∗T)/100
=>P=(S.I.∗100)/(R∗T)
By applying above formula we can easily solve this question, as we are already having the simple interest.
=>P=(1230∗100)/(6∗5)
=>P=4100