Q. Simple interest on a sum for 18 months at 14% per annum is Rs 1365.What is the value (in Rs) of sum?

A) 7300

B) 6100

C) 6500

D) 8100

✔ Correct Answer: 6500

Exam Insight

Using the formula SI = P × R × T / 100, where SI = 1365, R = 14, and T = 1.5 years (18 months), solve for P. P = (1365 × 100) / (14 × 1.5) = Rs. 6500.

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