Question

Find the principal if the amount paid at the end of 2 years with 20% rate of interest is Rs 2002 ?​

Answer 1

Answer:

P= 5005

Step-by-step explanation:

P=I*100/R*T

=2002*100/20*2

=5005

Answer 2

p=?

r=20%

t=2yrs

amount =2002

amount=p(1+r/100) time

let principal be x

x(1+20/100)2yrs

x(120/100)2yrs

x multiple 120/100multiple120/100

amount=144/100