Question

A certain sum of money was deposited for 5 years. Simple interest at the
rate of 12% per annum was paid. Calculate the sum deposited, if the simple
interest received by the depositor is 12,000.​

Answer 1

Answer:

Step-by-step explanation:

S.I=(Principal*rate*time)/100

12000=(principle*12*5)/100

12000*100=principal*12*5

1200000/70=principal

200000=principal

therefore amount deposited is Rs 2,00,000

Answer 2

Answer:

Step-by-step explanation:

s.i =( principal × rate × time) ÷  100                                                                                  

12000 = ( principal × 12 × 5) ÷ 100

12000 × 100 = principal × 12 × 5

1200000 ÷ 60= principal

20000= principal

therefore amount deposited is rs = 20,000