Question

A sum if money amounts to 6960 at 8% simple interest per annul at the end of 2 years. find the principal​

Answer 1

let P be Rs.x

A=6960

R=8%

T=2years

I=P×R×T/100

I=x×8×2/100

=4x/25

A=P+I

6960=x+4x/25

6960=25x+4x/25

6960=29x/25

x=6960×25/29

=6,000

Principal is 6,000 ans.

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