Question

A certain sum of money becomes Rs. 28,000 in 4 years at 10$\%$ simple interest. What is the principal amount?

• A. Rs.20,000
• B. Rs.18,000
• C. Rs.15,000
• D. Rs.16,000

Answer 1

Answer: (A)

Rs.20,000

Answer 2

The correct option is (A): Rs.20,000