Question

A certain sum of money to rs.15900 at simple rate of interest at 6% per annum in 5 years. What is the value of principal sum?

Answer 1

Answer:

P = SI*100/R*T

putting values we get,

P = 15900*100/6*5 = 53000 (Ans)

(Mark as brainlist)

Answer 2

Answer:

Step-by-step explanation:

In Simple Interest,

Final Amount = Principal * [(1 + Interest Rate)^Number of years]

15900 = Principal * [(1+6%)^5]

15900 = Principal * [1.06^5]

Principal = 15900 / 1.338226 = Rs. 11881.4