Question

What principal will amount to Rs 15000 at 10% per annum in 5 years?

• A. Rs 10000
  
• B. Rs 8700
  
• C. Rs 10500
  
• D. Rs 9600
  
• E. None of these

Answer 1

The correct option is A Rs 10000


We have, A = Rs 15000, R = 10% p.a., T = 5 years
$\therefore P=\frac{100\times A}{100+R\times T}=\frac{100\times 15000}{100+10\times 5}=Rs10000$