If the simple interest on a sum for $2$ years at $5\%$ p.a. is Rs. $250$, the principal is

If the simple interest on a sum for $2$ years at $5\%$ p.a. is Rs. $250$, the principal is
  1. Rs. $2{,}000$
  2. Rs. $2{,}500$
  3. Rs. $3{,}000$
  4. Rs. $3{,}500$

Solution

$P = \dfrac{100 \cdot 250}{5 \cdot 2} = \dfrac{25000}{10} = 2500$.

Asked in: NSO

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