Question

answer please for this question

Answer 1

time= 2 yrs
rate = 5%
principal=?
CI-SI= RS 60
p{(1+r/100)^t-1}-(p*t*r)/100=60
p[(1+5/100)^2-1-(t*r)/100]=60
p[1.1025-1-(2*5)/100]=60
p[0.1025-0.1]=60
p[0.0025]=60
p=60/0.0025
p=24000