The simple interest on a principal for 6 months at an interest rate of 10% per annum is Rs. 100. What is the principal?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 2000
r = 10%
t = 6 months = 0.5 years
SI = Rs. 100
Principal
P = Rs. 2000
100 = (P × 10 × 0.5)/100
⇒ P = 2000