Question

if the simple interest on a certain sum for 2 years at the rate of 5% per annum is Rs 4000, then the sum is

• A. Rs 46000
• B. Rs 44000
• C. Rs 40000
• D. Rs 48000

Answer 1

The correct option is C Rs 40000

Given,

$T=2yrs$

$R=5$

$SI=4000$

We know,

$SI=\frac{PRT}{100}$

$4000=\frac{P\times 5\times 2}{100}$

$P=\frac{4000\times 100}{5\times 2}=40000$

Hence option $\text{C}$ is correct answer