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      Question

      What sum of money must be given at simple interest for 5

      months at 4% per annum in order to earn Rs. 200 interest?
      A Rs.9600 Correct Answer Incorrect Answer
      B Rs.12000 Correct Answer Incorrect Answer
      C Rs.12500 Correct Answer Incorrect Answer
      D Rs.13000 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the sum of money be Rs. P. SI = Rs. 200, T = 5/12 year and R = 4% SI = (P × R × T)/100 ⇒ 200 = P × (4/100) × (5/12) ⇒ P = Rs. 12000

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