What principal would amount to ₹21,420 in 2 years at the rate of 9.5% p.a. simple interest?

Question

What principal would amount to ₹21,420 in 2 years at the rate of 9.5% p.a. simple interest?

Options

A.

₹11,273

B.

₹12,000

C.

₹18,000

D.

₹16,000

simple interestprincipalinterest calculationssc 2024

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