Simple interest on a sum for 9 months at 8% per annum is Rs 270.What is the value (in Rs) of the sum?
Let principal amount = Rs. $$x$$
Rate of interest = 8% and time period = $$\frac{9}{12}=\frac{3}{4}$$ years
=> Simple interest = $$\frac{P\times R\times T}{100}$$
=> $$\frac{x\times8\times3}{4\times100}=270$$
=> $$\frac{6x}{100}=270$$
=> $$x=\frac{270\times100}{6}=Rs.$$ $$4,500$$
=> Ans - (C)
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