Question

Rakesh took a loan for $7$ years at the rate of $6\%$ p.a. S.I. If the total interest paid was Rs. $2100$, the principal was

• A. Rs. $4400$
• B. Rs. $4800$
• C. Rs. $5000$
• D. Rs. $5200$

Answer 1

Answer: (C)

Rs. $5000$

Principal $=Rs.\left(\frac{2100\times 100}{7\times 6}\right)=Rs.5000$