What principal (₹) will earn ₹1560 as simple interest in 3 years at 4% per…
2026
What principal (₹) will earn ₹1560 as simple interest in 3 years at 4% per annum?
- A.
187.2
- B.
6500
- C.
13000
- D.
26000
Attempted by 56 students.
Show answer & explanation
Correct answer: C
Given: Simple Interest (SI) = ₹1560, Rate (R) = 4%, Time (T) = 3 years.
Formula: SI = P × R × T / 100, so P = SI × 100 / (R × T).
Calculation: P = 1560 × 100 / (4 × 3) = 156000 / 12 = ₹13000.
Important note: The question gives ₹1560 as simple interest, not as the total amount. So the principal does not need to be less than ₹1560.
Correct answer: ₹13000