Rathi took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, Find the principal amount?
Select
A) 4000	B) 3500	C) 3100	D) 4100	E) 5000
P = SI * 100/R*T   P = 1230*100/6*5==&gt;4100   ANSWER 4100
<result>D</result>
Rathi took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, Find the principal amount?