CA Foundation 2026 · Paper 3 · Quantitative AptitudeQ61 · 1 mark↻ Appears in 5 of 6 yearsOfficial key verified
The simple interest at the rate of per annum for years will be ₹ . Then, the principal is ________.
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Start your 14-day free trial to unlock the full solution →Put rate , time years and into the simple-interest formula and solve for the principal; the from rate×time cancels one from the interest, giving .
Step 1 — Write the simple-interest formula
Step 2 — Substitute the given data
Rate , time years, and the interest is :
Step 3 — Solve for the principal
Multiply both sides by and divide by :
Why the other options are wrong: (A) ₹ ignores the formula entirely; (B) ₹ forgets to divide by ; (C) ₹ cancels the in the interest twice instead of once. …
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