A sum at SI at 10% per annum amounts to

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum at SI at 10% per annum amounts to ₹7500 after 5 years. Find the sum.

Options:

6500

6000

5500

5000

Correct Answer:

5000

Explanation:

Amount = Principal + Interest

7500 = P + \(\frac{P × 10 × 5}{100}\)

7500 = \(\frac{3P}{2}\)

P = 5000