Question

At simple interest of 5%, 6% and 8% for three consecutive year, the interest earned is rs. 760. Find the principal.

Answer 1

Answer:

P=Rs. 760

R for 1st year is 5%,2nd year is 6 % and for 3rd year is 8 % p.a.

SI for 1st year=760*5/ 100=38

SI for 2nd year=760*6/ 100=45.6

SI for 3rd year=760*8/ 100=60.8

Total interest=38+45.6+60.8=144.4