Q. Simple interest is Rs. 240 for 2 years at 6% per annum. What was the principal?
✅ Correct Answer: (A)
Rs. 2000
Explanation: P = SI×100/(R×T) = 240×100/(6×2) = 24000/12 = 2000. Other options give wrong division results.
Explanation by: Mr. Dubey
P = SI×100/(R×T) = 240×100/(6×2) = 24000/12 = 2000. Other options give wrong division results.