Suresh invested a certain sum of money at 5% per annum simple interest. If he receives an interest of ₹69687 after 15 year, the sum (in ₹) he invested is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 92916.
SI = (P × R × T)/100
P = (69687 × 100)/(5 × 15)
= 92916