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What sum of money lent at 8% p.a. will earn ₹4,800 simple interest in 5 years?
A₹10,000
B₹12,000
C₹15,000
D₹6,000
Answer & Solution
Correct answer: B. ₹12,000
1. SI = PRT/100 → P = SI × 100 / (RT).
2. P = 4800 × 100 / (8 × 5).
3. P = 480000 / 40 = ₹12,000.
_Source: jkchrome SI-CI QB, p.1 — finding principal_
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