If simple interest is Rs. 54,000 at 12% per annum for 3 years, find the principal.
Correct Answer: Option C — 150,000
Explanation:Using SI = PRT, P = 54,000 ÷ (0.12 × 3) = 150,000 rupees.
Submitted by: PaperMCQs
Help us keep PaperMCQs accurate. Reports are reviewed by the admin team.
Continue with your PaperMCQs account
Log in or create an account using your email address. Use a separate PaperMCQs password—never enter your Gmail or email-provider password here.