What sum (in ₹) will earn a simple interest of ₹240

What sum (in ₹) will earn a simple interest of ₹240 in 4 years at 12% per year rate of interest?
किस राशि (₹ में) पर 12% प्रति वर्ष की ब्याज दर से 4 वर्षों में ₹ 240 का साधारण ब्याज अर्जित होगा?

750 250 1000 500

Detailed Solution & Logic

Correct Answer:

500

Given: SI = 240, r = 12%, t = 4 years
SI formula: SI = $ \frac{P \times r \times t}{100} $
240 = $ \frac{P \times 12 \times 4}{100} $
240 = $ \frac{48P}{100} $
P = $ \frac{240 \times 100}{48} $
P = 500
Principal = ₹500

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