SSC MTS 2022 PYQ — Question 73

The correct answer is option 4 i.e. Rs.12,000.

Concept Used :

 $S.I. = {P × R × T \over 100}$

$P = {S.I.×100 \over R × T}$

Given that :

S.I. = Rs.5,040

⇒ R = 12%

⇒ T = 3 years and 6 months = $3{1\over 2}$ = 7/2 years = 3.5 years

Now, 

⇒ P = (5040 × 100)/(12 × 3.5)

⇒ P = 120 × 100 = 12,000

Hence the required principal is Rs.12,000.