Question

1.Find the principal in each case
a. Simple Interest = rs 1,920;
Rate of interest = 12% p.a;
Time = 2 years​

Answer 1

Answer:

Principal = (100 × Interest)/(Rate × Time)

= (100 × 600)/(4 × 3)

= 60000/12

= 5000

Therefore, Principal (P) = $ 5000.