Quantitative Aptitude • Simple & Compound InterestMedium
The simple interest on a sum of money at 4% per year for 4 years is ₹5,360. What is the sum?
A. ₹1,34,000
B. ₹857.6
C. ₹33,500✓ Correct Answer
D. ₹38,860
💡 Solution & Explanation
Simple interest = principal × rate × time ÷ 100, so principal = interest × 100 ÷ (rate × time) = 5,360 × 100 ÷ (4 × 4) = ₹33,500. Check: 4% of ₹33,500 is ₹1,340 per year, and 4 years of that is ₹5,360.
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