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Railways PYQCBT 1 2016

RRB NTPC · Question 42

The maturity value after three years, of a certain sum at 15% p.a. simple interest, is Rs. 8,700/ - . Find the principal amount?

  1. Rs. 5,000
  2. Rs. 6,000
  3. Rs. 5,500
  4. Rs. 6,500
Show answer & explanation

Answer: (B) Rs. 6,000

Explanation

Amount = P(1 + 0.15 × 3) = 1.45P = 8700, so P = Rs. 6,000.