RRB NTPC 29 April 2016 Paper

Question : 55 of 100

Marks: +1, -0

Gitesh took a loan for 6 years at 5% simple interest. If the total interest paid was ₹615, calculate the principal.

Solution:

(2)

{ SI } = 615 , { T } = 6

years,

{ R } = 5 \%

{ P } = { { S } I ×100 } /{ { R } × \ { T } } = { 615× 100 } /{ 5 \times 6 }

= 2050

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