Manish invested a certain sum of money at 10% per annum simple interest. If he receives an interest of ₹72780 after 1 year, the sum (in ₹) he invested is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 727800.
SI = (P × R × T)/100
⇒ P = (72780 × 100)/(10 × 1) = 727800