Discussion of Question with ID = 083 under Simple-Interest

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Question

The simple interest on a certain principal sum @4% for a period of 3 years is Rs. 204. What is the sum?

A

Rs. 1700.

B

Rs. 1800.

C

Rs. 1600.

D

Rs. 1900.

Soln.
Ans: a

P = $(I × 100)/(R × T)$. Solving, we get P = $(204 × 100)/(4 × 3)$ = Rs. 1700.


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