Postal or Sorting Assistants Model Paper 5 With Solutions

Question : 2 of 100

Marks: +1, -0

Simple interest accured on an amount in eight years @11% per annum is ₹ 57200. What was the principal amount ?

Solution:

(d) Let principal amount = x
Then,

57200 ={x×11 ×8}/100

⇒

x ={57200×100}/{11×8}=₹65000

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