Question
Given below are two quantities named A and B. Based on
the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose among the possible answers. Quantity 1: A took a loan from B at the rate of 12 % p.a. on simple interest. After three years he had to pay Rs. 5100 for this period. The principal amount borrowed by him was: Quantity 2: If for a certain sum the compound interest for 2 years at the rate of 12% per annum is 508.8 then find the principal.Solution
The correct answer is A
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