Q.The simple interest on a principal amount is \(\cfrac{1}{6}\) of it per year. If the total amount after 5 years is 2200 rupees, then the principal amount is— (a) ₹ 1000 (b) ₹ 1200 (c) ₹ 1400 (d) ₹ 1600
Answer: B
Let’s assume the principal amount \((p)=x\) rupees
\(\therefore\) Total interest for 5 years = \(x\times \cfrac{1}{6}\times 5 =\cfrac{5x}{6}\) rupees
\(\therefore\) According to the given condition, \(x+\cfrac{5x}{6}=2200\)
or, \(\cfrac{6x+5x}{6}=2200\)
or, \(\cfrac{11x}{6}=2200\)
or, \(x=2200\times \cfrac{6}{11}=1200\) rupees
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