This question was previously asked in

DSSSB PRT General Section Official Paper - 13 Nov 2019 Shift 2

- 944
- 816
- 924
- 894

Option 3 : 924

Given:

The simple interest = Rs. 3696

Rate of interest = 50%

Time duration = 8 year

Formula used:

Interest = PTR/100

where P = Principal or the sum lent, R = Rate of interest, T = Time duration and I = Simple interest

Calculation:

The simple interest = Rs. 3696

⇒ I = Rs. 3696

Rate of interest = 50%

⇒ R = 50%

Time duration = 8 year

⇒ T = 8 year

Interest = PTR/100

⇒ 3696 = (P × 50 × 8)/100

⇒ P = 924

∴ The principal is Rs. 924.

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