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The simple interest on a certain sum for...

The simple interest on a certain sum for 3 yr at 4% per annum is Rs. 48. The principal is

A

Rs. 550

B

Rs. 500

C

Rs. 450

D

Rs. 400

Text Solution

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The correct Answer is:
To find the principal amount (P) based on the given simple interest (SI), we can use the formula for simple interest: ### Step-by-Step Solution: 1. **Identify the given values**: - Simple Interest (SI) = Rs. 48 - Time (T) = 3 years - Rate (R) = 4% per annum 2. **Write the formula for Simple Interest**: \[ SI = \frac{P \times R \times T}{100} \] 3. **Substitute the known values into the formula**: \[ 48 = \frac{P \times 4 \times 3}{100} \] 4. **Simplify the equation**: - Calculate \(4 \times 3 = 12\): \[ 48 = \frac{12P}{100} \] 5. **Multiply both sides by 100 to eliminate the fraction**: \[ 4800 = 12P \] 6. **Divide both sides by 12 to solve for P**: \[ P = \frac{4800}{12} \] 7. **Calculate the value of P**: \[ P = 400 \] ### Conclusion: The principal amount is Rs. 400. ---
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