A sum fetched a total simple interest of Rs. 21 at the rate of 6% p.a. in 2 years. What is the sum?

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18 Nov 2019 Simple Interest

A sum fetched a total simple interest of Rs. 21 at the rate of 6% p.a. in 2 years. What is the sum?

OPtion

1) 750
2) 775
3) 780
4) 975
5) 600
6) 150
7) 900
8) 1000
9) 1100
10) None of these

Solution

SI = PRT/100
21 = P*6*2/100
=> P = 175

Correct Option: 10 Best Solution (0)