Maths / Comparing Quantities / Simple Interest

QUESTION
 

Find what sum of money will amount to Rs.900 in 4 years at 5% per annum on simple interest ?

OPTIONS
A. 

Rs.750

B. 

Rs.650

C. 

Rs.500

D. 

Rs.550

Right Option : A

EXPLANATION
Explain TypeExplanation Content
Text

Let Principle=P

Rate=R%

Time=n years

S.I=(P*R*T)/100

Amount=P+(P*R*T)/100

900=P+(P*5*4)/100

900=6P/5

P=900*5/6

P=750

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