12.Mr.Raj got a loan at 11% p.a. SI after 5 years he returned the principal along with interest. If he returns in all RS.12400/- what is the principal amount
A. 9000
B. 8000
C. 8500
D. 10000
Answer:
Option : B
Given
R = 11%, N = 5 years, S.I + P = Rs.12400/-
S.I. + P
|
=
|
|
P x N x R
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+ P
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100
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⇒ 12400
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=
|
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P x 5 x 11
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+ P
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100
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Hence, P = 8000
