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Sum / Principal

Sumeet took l...

Question

Sumeet took lean from bank at rate of $15$ % pa SI. After 5 years, he had to pay $R s .6800$ only for the period. Find the principal amount borrowed.

A

9000

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B

9066.66

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C

9100

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D

9167

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Solution

The correct option is A $9066.66$
$P r i n c i p a l = \frac{100 \times 6800}{15 \times 5} = R s .9066 .67$

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