A) Rs. 2050
B) Rs. 2550
C) Rs. 2250
D) Rs. 2520
E) None of the above
Correct Answer: D
Solution :
[d] Given, simple interest (SI) = Rs. 1575 |
\[Time\,(t)\,=5yr\]\[\Rightarrow \]\[Rate\,(r)\,=12.5%\] |
\[Amount=?\] |
We know, simple interest |
\[=\frac{\text{Amount}\times \text{Time}\times \text{Rate}}{\text{100}}\] |
\[\Rightarrow \] \[\text{1575}=\frac{\text{Amount}\times \text{5}\times \text{12}\text{.5}}{\text{100}}\] |
\[\Rightarrow \] \[\text{Amount}=\frac{1575\times 100}{5\times 12.5}\] |
\[\Rightarrow \] \[\text{Amount}=\text{Rs}\text{.}\,\text{2520}\] |
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