Question

The principal that will yield Rs 60 as simple interest at 6% per annum in 5 years is:

• A. Rs 175
• B. Rs 350
• C. Rs 200
• D. Insufficient data
• E. None of the above

Answer 1

The correct option is C Rs 200

Here, I =Rs 60, R =6% per annum, T =5 years.
$\therefore$ Principal (P) =$\frac{100\times I}{R\times T}=\frac{100\times 60}{6\times 5}=Rs200.$