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      Question

      A sum amounts to Rs 3900 in 2 years at 15% per annum

      simple interest. Find the principal.
      A 3219 Correct Answer Incorrect Answer
      B 2011 Correct Answer Incorrect Answer
      C 1300 Correct Answer Incorrect Answer
      D 3000 Correct Answer Incorrect Answer

      Solution

      A = P(1 + RT/100) = P(1 + 15Γ—2/100) = P(1 + 3/10) = 13P/10 3900 = 13P/10 P = 3900 Γ— 10/13 = 3000

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