If the rate of simple interest is 12% per annum the amount

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If the rate of simple interest is 12% per annum the amount that would fetch interest of Rs 6000 per annum is ?

1. Rs 7200
2. Rs 72000
3. Rs 50000
4. Rs 48543.69

Correct Option: C

Rate of Interest = 12% per annum
Simple Interest =Rs 6000 per annum
Let 'P' is the principal
SI= (P x R x T)/100
where , SI= Simple Interest
T= Time
R= Rate

∴ 6000=(P x 1 x 12)/100
∴ P =(6000 x 100)/12
= Rs 50000
Hence the required amount is Rs 50000