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What sum of money (in Rs.) will amount to Rs. 20,400 at the rate of 9% per annum simple interest in four years?
Question

What sum of money (in Rs.) will amount to Rs. 20,400 at the rate of 9% per annum simple interest in four years?

A.

18,000

B.

12,000

C.

20,000

D.

15,000

Correct option is D

Simple Interest = P×R×T100\frac {P×R×T}{100 }

20400- P =P×9×4100\frac {P×9×4}{100 }

20400 = 136P/ 100 

P= 15000

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