Q. Simple interest on a sum is Rs. 540 at 9% per annum for 2 years. Find the principal.

  • (A) Rs. 2500
  • (B) Rs. 2800
  • (C) Rs. 3000
  • (D) Rs. 3200
βœ… Correct Answer: (C) Rs. 3000
Explanation: P = 540×100/(9×2) = 3000.
Explanation by: Mr. Dubey
P = 540×100/(9×2) = 3000.

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