A) Rs. 50000
B) Rs. 55000
C) Rs. 40000
D) Rs. G5000
Correct Answer: A
Solution :
Let P be the principal. According to question, \[\text{C}\text{.I - S}\text{.I}\text{. = Rs}\text{. 500}\] \[\Rightarrow \left[ P{{\left( 1+\frac{10}{100} \right)}^{2}}-P \right]-\left[ \frac{P\times 10\times 2}{100} \right]=500\] \[\Rightarrow \frac{21}{100}P-\frac{1}{5}P=500\] \[\Rightarrow \frac{P}{100}=500\Rightarrow P=500\times 100=Rs.\,\,50000\]You need to login to perform this action.
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