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    Question

    The simple interest on a principal amount (in ₹) is

    ₹824 for a period of 4 years at the rate of 8% per annum. The principal amount (in ₹) is: 
    A 2577 Correct Answer Incorrect Answer
    B 2573 Correct Answer Incorrect Answer
    C 2571 Correct Answer Incorrect Answer
    D 2575 Correct Answer Incorrect Answer

    Solution

    Simple Interest (SI) = 824 Rate (R) = 8% Time (T) = 4 years SI = (P × R × T) / 100 824 = (P × 8 × 4) / 100 824 = (32P) / 100 P = (824 × 100) / 32 P = 2575 Answer: ₹2575

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