Mathematics · Simple Interest

A loan accumulates ₹220 as simple interest over 2 years at 11% per annum. What was the principal borrowed?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹800
2₹900
3₹1,000✓
4₹1,100

Correct answer

₹1,000

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A loan accumulates ₹220 as simple interest over 2 years at 11% per annum. What was the principal borrowed?

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A loan accumulates ₹220 as simple interest over 2 years at 11% per annum. What was the principal borrowed?

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