-- advertisement --

Discussion

  1. 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
  1. 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

-- advertisement --

-- advertisement --