Question

At a rate of 5 pcpa the interest is 360 for 6 years what is principal amount

Answer 1

Answer:

R =5%perannum

I=360

T=6years

P=I×100/R×T

= 1200

Answer 2

Step-by-step explanation:

The simple interest accrued on a certain principal in 5 years at the rate of 12 p.c.p.a. is Rs 1536. What amount of simple interest would one get if one invests Rs 1000 more than the previous principal for 2 years and at the same rate p.c.p.a? (a) Rs 614.40    (b) Rs 845.40    (c) Rs 1536    (d) Rs 2136