NIACL Model Paper 6 with solutions for free online practice

© examsiri.com

Question : 57 of 100

Marks: +1, -0

Simple interest accrued on an amount in eight years at the rate of 11 p.c.p.a. is Rs. 57,200. What was the principal amount ?

Rs. 72,000
Rs. 82,000
Rs. 75,000
Rs. 65,000
None of these

Solution:

(4) Principal

= \text"SI×100"/\text"Time × Rate"

=

{57200 ×100}/{8×11}

= Rs. 65000

© examsiri.com

Go to Question:

Prev Question

Next Question