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  9. Q131

TNPSC Group-I 2021 · Question 131 of 148

Find the principal amount which amounts to Rs. 11,800 at 6% per annum for 3 years at simple interest.

Aptitude - Interest

  1. ARs. 8000
  2. BRs. 9000
  3. CRs. 10,000Correct
  4. DRs. 9500

Answer: C. Rs. 10,000

Explanation

P(1 + 0.06 x 3) = 11800 gives P = Rs. 10,000.

Source: TNPSC Group-I Prelims (held 3 Jan 2021) - official paper via examrace.com

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