Q. A sum of money becomes ₹2420 in 2 years at 10% simple interest. The principal is

  • (A) ₹2000
  • (B) ₹2100
  • (C) ₹2200
  • (D) ₹2300
✅ Correct Answer: (C) ₹2200
Explanation: Amount = P × (1 + 20/100) = 1.2P. Therefore, P = 2420/1.2 = ₹2200.

Published by Roshan ⭐ 3.43K Points at 05-Jul-2026 07:28 am in Math

Explanation by: Roshan
Amount = P × (1 + 20/100) = 1.2P. Therefore, P = 2420/1.2 = ₹2200.

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