The simple interest on a principal amount (in Rs. ) is Rs. 576 for a period of 3 years at the rate of 6% per annum. The principal amount (in Rs. ) is:

Correct option is C

Given:

Simple Interest (SI) = ₹576

Time (T) = 3 years

Rate (R) = 6% per annum

Formula Used:

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

Solution:​

From the formula:

​$$576 = \frac{P\times 6 \times 3}{100} \\ \ \\P = \frac{576 \times 100}{6 \times 3} \\ \ \\= \frac{57600}{18}\\ \ \\= ₹ 3200$$​​