If the rate of simple interest is 12% per annum, the amount that would fetch interest of Rs. 6000 per annum is:a)Rs. 7200b)Rs. 48000c)Rs.50000d)Rs. 72000e)None of theseCorrect answer is option 'C'. Can you explain this answer?

Question

Answer

Answer is C

as The interst Rate is 12 Percent per annum
so, 12%of x is 6000
- x×12/100= 6000
x= 6000×100/12
x = 50000

Answer

Given,
Rate of interest = 12% per annum
Interest received = Rs. 6000 per annum

We know that,
Simple Interest = (P * R * T) / 100

Where,
P = Principal amount
R = Rate of interest per annum
T = Time in years

To find the principal amount, we can use the formula:

P = (100 * SI) / (R * T)

Here,
R = 12% per annum
T = 1 year
SI = Rs. 6000 per annum

Substituting the values in the formula, we get

P = (100 * 6000) / (12 * 1) = Rs. 50000

Therefore, the amount that would fetch interest of Rs. 6000 per annum at a rate of 12% per annum is Rs. 50000.

Hence, option (c) is the correct answer.

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