alleryStart learning →Simple interest is ₹600 at 10% per year for 2 years. What was the principal?
A₹6,000
B₹3,000
C₹1,200
D₹12,000
Answer & Solution
Correct answer: B. ₹3,000
Two years of simple interest equal 20% of the principal, so the principal is 600 ÷ 0.2 = ₹3,000.
Keep practising Comparing Quantities
Browse all Comparing Quantities questions for ICSE Class 8, or explore more Mathematics topics.
Related questions
A sale at 20% profit yields ₹60 more than at 10% loss, both on cost. What is the cost pricThe price per kilogram rises by 20%, while the kilograms bought fall by 25%. How does totaAfter 20% off, a second discount gives 32% off overall. Find the second discount on the reFor 2 years at 10% yearly, annual compound interest exceeds simple interest by ₹40. Same p₹1,000 grows to ₹1,210 in 2 years, compounded annually with no transactions. Constant posiCost ₹800, marked price ₹1,200. What maximum discount still gives at least 20% profit on cAfter a 25% price fall, what percentage rise on the reduced price restores the original pr10 items cost ₹100 each. Two cannot be sold. With no other costs, what price per remaining