Question

On what sum of money lent out at $9\%$ per annum simple interest for $6$ years does the simple interest amount to Rs.$810?$

• A. Rs$.2,500$
• B. Rs. $1,000$
• C. Rs.$1,500$
• D. Rs. $2,000$

Answer 1

Answer: (C)

Rs.$1,500$

$I$= Rs. 810, R = 9%, T = 6 years
$P=\frac{100\times I}{R\times T}=\frac{100\times 810}{9\times 6}=Rs.1,500$