Question

The sum of money invested at the rate of 5 % p.a simple interest for 10 years becomes ₹3,200 is .

• A. ₹ 3200
• B. ₹ 4800
• C. ₹ 6400
• D. ₹ 8000

Answer 1

The correct option is C ₹ 6400

Given that,
Simple interest (S.I) = ₹ 3200
Rate (R) = 5%
Time (T) = 10 years
$\therefore \text{Sum of money}=\frac{S.I\times 100}{R\times T}$
$=\frac{3200\times 100}{5\times 10}$
$=₹6400$
Therefore, the sum of money is ₹ 6400.