Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

The simple interest on a certain sum at the rate of 16.25% for 4 years is Rs. 12600 less than the principal. Find out half of principal.

Options:

36000

18000

20000

54000

Correct Answer:

18000

Explanation:

Total SI for 4 years = 16.25 × 4 = 65%

Let principal is = 100%

           100 - 65% = 35%

given → 35% = 12600

              1%  = 360

⇒ 100 % = 36000

\(\frac{1}{2}\)(P) = 18000