If Shawn invests ₹_____ at a rate of 15% per annum, then simple interest gained by him after one year is ₹300.
2000

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Solution

The correct option is A 2000
Given,
Rate of interest (R) = 15 %
Simple Interest (SI) = ₹300
Time period (T) = 1 year

Let the principal invested be P.

We know that,
Simple interest = $\frac{P \times R \times T}{100} ₹ 300 = \frac{P \times 15 \times 1}{100} P = \frac{300 \times 100}{15} P = ₹ 2000$

Hence, the sum invested is ₹2000.

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If Shawn invests ₹_____ at a rate of 15% per annum, then simple interest gained by him after one year is ₹300.2000

The correct option is A 2000Given, Rate of interest (R) = 15 % Simple Interest (SI) = ₹300 Time period (T) = 1 year Let the principal invested be P. We know that, Simple interest =P×R×T100₹300=P×15×1100P=300×10015P=₹2000 Hence, the sum invested is ₹2000.

If Shawn invests ₹_____ at a rate of 15% per annum, then simple interest gained by him after one year is ₹300.
2000