Question

find the principal that will yield an interest of rs 60 in 5 years at the rate of 4% per annum.

Answer 1

si = p.n.r / 100
60 = p * 5 * 4 / 100
p = 60 * 100 / 5 * 4
p = 3 * 100
p = ₹300

Answer 2

Let principal be p
Interest =p*r*t/100
60=p*4*5/100
p=rs 300