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The simple interest on a principal amount (in ₹) is ₹824

The simple interest on a principal amount (in ₹) is ₹824 for a period of 4 years at the rate of 8% per annum. The principal amount (in ₹) is:
किसी मूलधन पर 8% की वार्षिक दर से 4 वर्ष की अवधि के लिए साधारण ब्याज ₹ 824 है। मूलधन (₹ में) ज्ञात कीजिए।

2577 2573 2571 2575

Detailed Solution & Logic

Correct Answer:

2575

Given:
Simple Interest (SI) = ₹824
Rate (R) = 8% p.a.
Time (T) = 4 years
Formula:
$ SI = \dfrac{P \times R \times T}{100} $
$ 824 = \dfrac{P \times 8 \times 4}{100} $
$ 824 = \dfrac{32P}{100} $
P = $ \dfrac{824 \times 100}{32} $
P = 2575

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