Q.The principal amount, if the simple interest for 5 years at an annual rate of 6% is ₹75, would be? (a) ₹ 200 (b) ₹ 250 (c) ₹ 300 (d) ₹ 325
Answer: B
Time \((t) = 5\) years
Interest rate \((r) = 6\%\)
Total interest amount \((I) = ₹75\)
\(\therefore\) Principal \((p) = \cfrac{100 \times I}{t \times r}\)
\(= \cfrac{100 \times 75}{5 \times 6}\) rupees
\(= 250\) rupees
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