A certain sum of money amounts of Rs.6720 at 4% in 3 years. What is the principal sum?
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Answered by
2
Answer:
Rs. 6000
Step-by-step explanation:
Let the principal be P
So, according to the question
Let calculate the interest
Interest = PxRxT/100
I. e.
Px4x3/100
= 12P/100
Now,
Amount = Principal + Interest
6720= P + 12P/100
6720= 112P/100
P= 6720x100/112
P= 672000/112
P= Rs. 6000
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Step-by-step explanation:
A certain sum of money amounts of Rs.6720 at 4% in 3 years. What is the principal sum?
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