find the principal , if SI=60,rate=6 and time=5
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Answer:
Principal (P) =100×IR×T=100×606×5=Rs200.
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Given: Simple interest = 60
Rate = 6%
Time = 5 years
We have to find the principal.
We will use the formula of simple interest
Simple interest = ( P × R × T ) / 100
putting the values in the above formula
60 = ( P × 6 × 5 ) / 100
6000 = 30 × P
P = 200
Hence, the principal will be Rs. 200
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