Multiple choice

Calculate the principal when time $= 10$ years, interest = Rs. $3000$; rate $= 5\%$ p.a.

  1. Rs. $5000$
  2. Rs. $6000$
  3. Rs. $7000$
  4. Rs. $8000$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SI = P * R * T / 100. 3000 = P * 5 * 10 / 100. 3000 = P * 0.5. P = 6000.

AI explanation

Using the simple interest formula where Principal equals Interest times 100 divided by the product of Rate and Time, we substitute the given values. This gives Principal equals 3000 times 100 divided by the product of 5 and 10. The calculated principal is Rs. 6000.

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