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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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