Question

Find priciple if rate of interest per annum is 12% and time period is 5/2 years and simple interest is rs. 1200

Answer 1

S.I.= PRN/100
1200 = P×5×12/100×2
1200×100×2/5×12 = P
100×20×2 = P
4000= P
Principle = 4000

Answer 2

SI=P×R×T/100
1200=P×12×5/(2×100)
1200×2×100/(12×5)=P
P, Principle=Rs.4000

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