Q. Amount received after 4 years is Rs. 5040 at 8% simple interest. Find the principal.

  • (A) Rs. 4000
  • (B) Rs. 4200
  • (C) Rs. 4500
  • (D) Rs. 4800
βœ… Correct Answer: (B) Rs. 4200
Explanation: Amount = P(1.32) ⟹ P = 5040/1.32 = 4200.
Explanation by: Mr. Dubey
Amount = P(1.32) ⟹ P = 5040/1.32 = 4200.

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