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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