Q. The simple interest on a sum for 5 years at 4% per annum is ₹1000. What is the principal?
✅ Correct Answer: (B)
₹5000
Explanation: SI = (P × 4 × 5) / 100 → 1000 = 20P/100 → P = 5000.
Explanation by: Mr. Dubey
SI = (P × 4 × 5) / 100 → 1000 = 20P/100 → P = 5000.