Multiple choice

Veena got a simple interest of Rs. 8376 on a certain amount at the rate of 8 p.c.p.a. for 6 years. How much amount did she invest?

  1. Rs. 17180

  2. Rs. 18110

  3. Rs. 16660

  4. Rs. 17450

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = P × R × T / 100. Given SI = 8376, R = 8%, T = 6 years. So 8376 = P × 8 × 6 / 100 = 48P/100. Therefore P = 8376 × 100 / 48 = Rs. 17450. Options A, B, and C are calculation errors - using wrong multiplication or division.

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