Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was  Choose the correct choice from the following answers: A) 4100 B) 4200 C) 4300 D) 4400 E) None of these
Explanation:   S.I.=P∗R∗T /100=&gt;P=S.I.∗100/ R∗T   By applying above formula we can easily solve this question, as we are already having the simple interest.   =&gt;P=1230∗100/ 6∗5   =&gt;P=4100   Option 4100
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Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was