The simple interest on a principal amount (in ₹) is ₹387 for a period of 2 years at the rate of 6% per annum. The principal amount (in ₹) is:
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Correct answer: A
Explanation
The correct answer is option 1 i.e. 3225.
SI = (P × R × T) / 100
387 = (P × 6 × 2) / 100
387 = 12P / 100
P = (387 × 100) / 12
P = 38700 ÷ 12 = 3225