The simple interest on a principal amount (in Rs. ) is Rs. 387 for a period of 2 years at the rate of 6% per annum. The principal amount (in Rs. ) is:

Correct option is B

Given:

Simple Interest (SI) = Rs. 387
Time = 2 years
Rate = 6% per annum
Formula Used:
$$\text{Simple Interest (SI)} = \frac{P \times R \times T}{100} \\\\$$​​
Solution:

$$387 = \frac{P \times 6 \times 2}{100}\\\ \\P = 3225$$