Postal or Sorting Assistants Model Paper 2 With Solutions

Question : 6 of 100

Marks: +1, -0

Simple interest accrued on an amount in 8 years at the rate of 12 p.c.p.a. is ₹5,520. What is the principal?

Solution:

Principal

= \text"Six 100"/\text"Time x Rate"

={5520×100}/{8×12}=₹5750

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