answer this please answer comes 20000, then after 2000
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Principal amount is 20,000 and the interest is 12000.
how?
look it charges 10℅ interest per year by simple interest mathod, right?
Either you can apply the formula i.e. (PRT)/
100 or can directly solve it.
For solving it directly just put the Amount value equals to 160℅ (Because 100% is principal and 60% interest would be charged in 6 years).
160% = 32000
100 % = 32000/160 x 100
you'll get 20,000 as principal and for getting the interest just subtract the principal from the Amount he paid after 6 years.
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