The simple interest on a principal amount (in Rs. ) is Rs. 486 for a period of 3 years at the rate of 8% per annum. The principal amount (in Rs. ) is:

Correct option is D

Given:

Simple Interest (SI) = Rs. 486

Time (T) = 3 years

Rate (R) = 8% per annum

Formula Used:

SI = $$\frac{P \times R \times T}{100}$$​ 

Solution: 

From the formula; 

​$$486 = \frac{P×8×3}{100}​ \\ \ \\ ​P = \frac{486 \times 100}{8 \times 3} \\ \ \\P= \frac{48600}{24} = Rs. \,2025$$​​