Multiple Choice Questions on What principal will yield Rs 600 as simple interest at 12 p a in 1 year ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

What principal will yield Rs 600 as simple interest at 12 p a in 1 year ........

Quantitative Aptitude ( CCS) Simple Interest
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    What principal will yield Rs. 600 as simple interest at 12% p.a. in 1 year?

    Rs. 4000

    Incorrect Answer

    Rs. 5000

    Correct Answer

    Rs. 6000

    Incorrect Answer

    Rs. 8000

    Incorrect Answer
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    Explanation:

    Let, the amount be x

    600 = X x 12 x 1/100

    6000 = 12x

    6000/12 = x

    x = 5000

    Hence, option 2 is the correct answer.

    By: Amit Kumar
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