Question

Find the principal that will amount to 1417 in 5 years at 6 percent rate of interest

Answer 1

Answer:

Let required principal be ₹100

SI=( 100×6×5×1/100)

= 30

Amount = 100+30=130

Amount is ₹1 then P= ₹100/130

Amount is 1417 given

100 / 130 × 1417 = 1090

So principal is 1090

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