Question

a sum of money amounts to rs4480 at 6% simple interest per annum at the end of 2 years.find the principal

Answer 1

Amount = Principal + Interest
Interest = PRt/100

Amount = ₹4480

Interest = P*6*2/100= 3P/25

Put the value of Interest, Amount and Principal in the first formula and get the value of P.

4480 = P+3P/25
4480*25 = 28P
P= ₹4000

P is the principal value.

Answer 2

Answer:

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