Math, asked by gurucharan3185, 1 year ago

A certain sum of money amounts to 20160 in 5 years at 8 interest find the principal

Answers

Answered by Tulsi4890
2

Answer: The principal amount is 504.

Step-by-step explanation:

The formula to calculate principal amount is; P= I/RT

Substituting the values,

P= 20160/8×5 = 504.

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