Question

A certain sum of money is borrowed by a person at 8% simple interest for 4 years. If he has to pay Rs. 7834 as interest, what is the total amount he has to pay?

• A. Rs. 23073
• B. Rs. 30459
• C. Rs. 37853
• D. Rs. 14768

Hint:

Simple Interest is directly proportional to the Principal. The total interest is \( 8% \times 4 = 32% \) of the Principal. Therefore, the Principal is \( \frac{100}{32} \) of the interest, and the Total Amount is \( \frac{132}{32} \) of the interest.

Answer 1

The Correct Option is B