Question

A simple interest of Rs. 6000 is gained on the certain principal at the rate of
12% per annum in one year. What is the principal.​

Answer 1

Answer:

Rs.50000

Step-by-step explanation:

Principal=?

Rate of interest = 12%

Time period = 1 year

SI = Rs.6000

SI =

$simple \: interest= \frac{p \times r \times t}{100}$

$6000 = \frac{p \times 12 \times 1}{100}$

$\frac{6000 \times 100}{12} = p$

50000= p

Therefore, the principal is Rs.50000