The simple interest on a certain sum of money for 1 year at $6 %$ per annum is ₹ 450. Find the Principal

₹7500

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₹7250

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₹7000

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₹7750

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Solution

The correct option is A ₹7500
Given that I = ₹ 450 , R = 6 % and T = 1 years

Let the Sum of money or Principal be P

I = $\frac{P R T}{100}$

450 = $\frac{P \times 6 \times 1}{100}$

P = $\frac{450 \times 100}{6 \times 1}$

= $\frac{45000}{6}$

= ₹ 7500

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The simple interest on a certain sum of money for 1 year at 6% per annum is ₹ 450. Find the Principal

The correct option is A ₹7500Given that I = ₹ 450 , R = 6 % and T = 1 years Let the Sum of money or Principal be P I = PRT100 450 = P×6×1100 P = 450×1006×1 = 450006 = ₹ 7500

The simple interest on a certain sum of money for 1 year at $6 %$ per annum is ₹ 450. Find the Principal

The correct option is A ₹7500
Given that I = ₹ 450 , R = 6 % and T = 1 years

Let the Sum of money or Principal be P

I = $\frac{P R T}{100}$

450 = $\frac{P \times 6 \times 1}{100}$

P = $\frac{450 \times 100}{6 \times 1}$

= $\frac{45000}{6}$

= ₹ 7500