What is the principal if the simple interest at 10% for 4 years is ₹800?
Show answer & explanation
Correct answer: A
Explanation
Given:
SI = ₹800, R = 10%, T = 4 years
Simple Interest = P × R × T / 100
800 = P × 10 × 4 / 100
800 = 40P/100
800 = 2P/5
P = 800 × 5/2
P = ₹2000