Simple & Compound Interest · Question 17 · Easy
The simple interest on a sum for 5 years at 9% per annum is ₹2,700. What is the sum?
- ₹6,000
- ₹5,400
- ₹3,000
- ₹6,600
Answer and explanation
Answer: A. ₹6,000
Explanation: P = SI × 100/(R × T) = 2700 × 100/(9 × 5) = ₹6,000.
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