A) Rs. 285
B) Rs. 280
C) Rs. 275
D) Rs. 270
Correct Answer: A
Solution :
Given, \[t=8\,yr,\]\[r=3.5%,\]\[A=Rs.\,364.80\] Let amount\[=Rs.\,P\] Since, \[A=P\left( 1+\frac{RT}{100} \right)\] \[\therefore \] \[364.80=P\left( 1+3.5\times \frac{8}{100} \right)\] \[\Rightarrow \] \[364.80=P\left( 1+\frac{35\times 8}{100} \right)\] \[\Rightarrow \] \[\frac{3648}{10}=P\left( \frac{128}{100} \right)\] \[\Rightarrow \] \[P=\frac{36480}{128}\] \[=Rs.\,285\]
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