A) Rs. 1000
B) Rs. 1500
C) Rs. 2000
D) Rs. 2500
Correct Answer: C
Solution :
Let P be the principal amount Given that, SI = Rs. 55, Time (t) s 9 months \[=\frac{9}{12}\]yr and rate (r)\[=3\frac{2}{3}%=\frac{11}{3}%\] \[\therefore \] \[SI=\frac{P\times r\times t}{100}\] \[\Rightarrow \] \[P=\frac{SI\times 100}{r\times t}=\frac{55\times 100}{11\times 9}\times 3\times 12\] \[\therefore \] \[=5\times 100\times 4=2000\] \[\therefore \] Principal (P) = Rs. 2000You need to login to perform this action.
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