Question

    The amount received on a certain sum of money at the rate

    of interest of 18% per annum simple interest after 8 years is Rs. 12200. What was the principal (in Rs.)?
    A Rs 4800 Correct Answer Incorrect Answer
    B Rs 4200 Correct Answer Incorrect Answer
    C Rs 5000 Correct Answer Incorrect Answer
    D Rs 5500 Correct Answer Incorrect Answer
    E Rs 5200 Correct Answer Incorrect Answer

    Solution

    (Principal * rate * time)/100 + Principal = 12200
    => (Principal * 18 * 8)/100 + Principal = 12200
    => 244 * Principal = 12200 * 100
    => Principal = 12200 * 100/244
    => Principal = 5000

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