Arun borrowed a sum for 4 years on S.I. at 12%. The total interest paid was Rs. 360. Find the Principal.
Rs.700
Rs.650
Rs.800
Rs.750
Explanation:
$\text{P} = \dfrac{100 \times \text{SI}}{\text{RT}} = \dfrac{100 \times 360}{12 \times 4} = \dfrac{100 \times 30}{4}= 25 \times 30 = 750$