Padmini borrowed a certain sum at 10% per annum simple interest for 5 years. If the total amount repaid after 5 years is ₹24,000, find the principal.

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) ₹16,000
2. (B) ₹15,800
3. (C) ₹17,400
4. (D) ₹18,000

Verified Answer

Option (A): ₹16,000

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