Question

13. What principal will amount to 20,800
in 2 years at the simple interest of 5% per annum​

Answer 1

we know that A=P+S.I

20800*= P+P*2*2/100 (S.I=P*T*R/100

20800*100=100 P+4P

2080000=100P+4P

P=2080000/104

=20000