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If Rs. 300 is the interest paid on a cer...

If Rs. 300 is the interest paid on a certain sum at the rate of 5% per annum simple interest for a period of 5 years, then find the sum. (in Rs. )

A

1200

B

1600

C

2000

D

1800

Text Solution

Verified by Experts

The correct Answer is:
A
(i) C.I. =Rs. 300
(ii) S.I.=Rs. 300, R=5% per annum , T=5 years, find P.
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