If the rate of simple interest is 12% per annum, then find the sum (principal) that would earn interest of Rs. 6,000 per annum.
Question and options
If the rate of simple interest is 12% per annum, then find the sum (principal) that would earn interest of Rs. 6,000 per annum.
- Rs. 82,000
- Rs. 50,000
- Rs. 72,000
- Rs. 45,000
Answer and explanation
Correct answer: B - Rs. 50,000
Principal = = Rs 50,000.
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CUSAT CAT Five-Year LL.B.
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