RRB NTPC · Question 55
Gitesh took a loan for 6 years at 5% Simple Interest. If the total interest paid was Rs. 615, calculate the principal. A) Rs. 2000 B) Rs. 2050 C) Rs. 2100 D) Rs. 2150
Show answer & explanation
Answer: (C) B
Explanation
SI = P × 5 × 6/100 = 0.3P = 615, so P = Rs 2,050.