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    Question

    The simple interest on a sum of money at 6% per annum

    for 5 years is Rs. 1800. Find the principal.
    A Rs.5548 Correct Answer Incorrect Answer
    B Rs.6000 Correct Answer Incorrect Answer
    C Rs.9975 Correct Answer Incorrect Answer
    D Rs.8518 Correct Answer Incorrect Answer

    Solution

    ATQ, SI = P × R × T / 100 1800 = P × 6 × 5 / 100 1800 = P × 30 / 100 1800 = 0.3P P = 1800 / 0.3 = 6000

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