Question

find the principal .(2360in 3years at 12% per annum​

Answer 1

Answer:

i

Explanation:

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Answer 2

Answer:

100

Explanation:

Installments paid at the end of 1st, 2nd, 3rd and 4th years earn a simple interest at 12% p.a. for 3, 2, 1 and 0 years respectively. Hence the respective installments amount to, (100 + 3 x 12), (100 + 2 x 12), (100 + 1 x 12) and 100, when annual installment is Rs 100