Q. A sum amounts to ₹5400 in 4 years at 5% simple interest. Find the principal.
✅ Correct Answer: (B)
₹5000
Explanation: SI = (P × 5 × 4) / 100 = 0.20P → Amount = 1.20P → 5400 = 1.20P → P = 5000.
Explanation by: Mr. Dubey
SI = (P × 5 × 4) / 100 = 0.20P → Amount = 1.20P → 5400 = 1.20P → P = 5000.