Q. A sum amounts to Rs. 8500 in 4 years at simple interest at 5% per annum. What is the principal?
✅ Correct Answer: (D)
Rs. 8000
Explanation: Amount = P(1 + RT/100) = P(1.20) ⟹ P = 8500/1.20 = 8000.
Explanation by: Mr. Dubey
Amount = P(1 + RT/100) = P(1.20) ⟹ P = 8500/1.20 = 8000.