Maths / Comparing Quantities / Simple Interest

QUESTION
 

If the simple interest on a sum of money at 6% per annum for 2yr is Rs. 12. What is the sum of money ?

OPTIONS
A. 

Rs. 100

B. 

Rs. 200

C. 

Rs. 50

D. 

Rs. 250

Right Option : A

EXPLANATION
Explain TypeExplanation Content
Text

Given,  r=6

                           t=2yr: : and : : SI=Rs.12

We have,       

                   SI=frac {P times r times t}{100}

Rightarrow             12=frac {P times 6 times 2}{100}Rightarrow P=Rs.100

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