A man earns Rs. 12,500 as simple interest @ 5% per annum in 5 years. Find the principal amount deposited by the man in the bank.
A. Rs. 50,000
B. Rs. 45,000
C. Rs. 40,000
D. Rs. 35,000
Answer:A
A man earns Rs. 12,500 as simple interest @ 5% per annum in 5 years. Find the principal amount deposited by the man in the bank.
A. Rs. 50,000 B. Rs. 45,000 C. Rs. 40,000 D. Rs. 35,000