Multiple Choice Questions on If the total amount of simple interest on a sum of money at the rate of 8 per annum in 4 years is Rs........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If the total amount of simple interest on a sum of money at the rate of 8 per annum in 4 years is Rs...........

Quant (SSC) Simple Interest
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    If the total amount of simple interest on a sum of money at the rate of 8% per annum in 4 years is Rs. 571.20, then what is the principal ?

    1725

    Incorrect Answer

    1745

    Incorrect Answer

    1765

    Incorrect Answer

    1785

    Correct Answer
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    Explanation:

    SI = Rs. 571.20;
    R = 8%;
    T = 4 years; P = ?
    P = SI × 100 /R x T
    = 571.20 × 100 / 8 x 4 = Rs. 1785

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