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Question

The sum which will earn a simple interest of 126 in 2 years at 14% per annum is


A

394

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B

395

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C

450

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D

540

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Solution

The correct option is C

450


Given that,

  • SI = 126
  • Time = 2 years
  • Rate =14%
  • Principal = ?

Then, we know the formula of Simple interest

Simple interest , S.I=P×T×R100

126=P×14×2100

P=1260014×2

P=Rs450

Therefore, the sum or principal is Rs450

Hence, the correct option is C.


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