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    The simple interest on a certain sum at the rate of 12.5% per annum for 6 years is ₹13,500 less than the principal. Find the simple interest.
    Question

    The simple interest on a certain sum at the rate of 12.5% per annum for 6 years is ₹13,500 less than the principal. Find the simple interest.

    A.

    ₹13,500

    B.

    ₹54,000

    C.

    ₹ 40,000

    D.

    ₹ 40,500

    Correct option is D

    Given:
    Rate of interest (R) = 12.5% per annum
    Time (T) = 6 years
    Simple Interest is ₹13,500 less than the principal.
    Formula Used:
    Simple Interest (SI) = P×R×T100\frac{P \times R \times T}{100} 
    Solution:
    Let the sum be x.

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