Q:
If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is ?
Answer & Explanation
Answer: B) Rs. 480
Explanation: Let the sum be Rs. P. Then,
= 510
P[- 1] = 510.
Sum = Rs. 1920
So, S.I. = (1920 x 25 x 2) / (2 x 100) = Rs. 480
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