Multiple choice

An amount invested at simple interest gives Rs 4320 interest at rate of 18\% in 4 years. What is the principal (in Rs)?

  1. 5000

  2. 5500

  3. 6000

  4. 6500
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Using the simple interest formula SI = P × R × T / 100, we have 4320 = P × 18 × 4 / 100. This simplifies to 4320 = 0.72P, so P = 4320 ÷ 0.72 = Rs 6000.

Keep practicing — related questions