Question

Find the principal invested at the rate of 5% pa simple interest if an amount of Rs. 1210 was
obtained at the end of 2 years?​

Answer 1

Answer:

Rs. 12100

Step-by-step explanation:

Let P be the principal , R=5 be the rate, N= 2 be no. of years

$I=\frac{P*R*N}{100}$

∴$P=\frac{100*I}{R*N}$

Given I = 1210

$P= \frac{1210*100}{5*2}$

P= 12100

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