Question Details

Detailed explanation and options for the selected question.

A sum amounts to Rs. 10,000 in 3 years at simple interest at 5% per annum. What is the principal?

A. Rs. 8696

B. Rs. 8700

C. Rs. 8500

D. Rs. 8800

Explanation:

Amount = P×1.15 = 10000, so P ≈ Rs. 8696.