Postal or Sorting Assistants Model Paper 8 With Solutions

Question : 1 of 100

Marks: +1, -0

Simple interest accured on an amount in four years @ 20% per annum is ₹7500. What was the principal amount ?

Solution:

(d) Let principal amount = x
Then,

7500={x×20×4}/100

⇒

x={7500×100}/{20×4}=₹6000

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