CA Foundation 2026 · Paper 3 · Quantitative AptitudeQ61 · 1 mark↻ Appears in 5 of 6 yearsOfficial key verified
The simple interest at the rate of p%p\% per annum for pp years will be ₹ pp. Then, the principal is ________.
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Put rate =p%=p\%, time =p=p years and SI=₹pSI=\text{₹} p into the simple-interest formula and solve for the principal; the p2p^2 from rate×time cancels one pp from the interest, giving P=100pP=\dfrac{100}{p}.

Step 1 — Write the simple-interest formula

SI=P×R×T100SI = \frac{P \times R \times T}{100}

Step 2 — Substitute the given data

Rate R=p%R=p\%, time T=pT=p years, and the interest is SI=₹ pSI=\text{₹}\,p:

p=P×p×p100=P p2100p = \frac{P \times p \times p}{100} = \frac{P\,p^{2}}{100}

Step 3 — Solve for the principal PP

Multiply both sides by 100100 and divide by p2p^{2}:

P=100 pp2=100pP = \frac{100\,p}{p^{2}} = \frac{100}{p}

Why the other options are wrong: (A) ₹pp ignores the formula entirely; (B) ₹100p100p forgets to divide by p2p^{2}; (C) ₹100p2\dfrac{100}{p^{2}} cancels the pp in the interest twice instead of once. …

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