Multiple choice

The simple interest on a certain sum at 30% p.a. rate of interest for two years is Rs. 10200. Find the principal amount.

  1. Rs. 18000

  2. Rs. 17000

  3. Rs. 18500

  4. Rs. 17500

  5. Rs. 16500
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Principal = SI * 100/R * T = 10200 * 100/30 * 2 = 17000

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