Find the principal that will yield an interest of rupees 60in 5 years at the rate of 4 percent per annum
arvind181:
simple interest or compound interest
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Answered by
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compound or simple interest
simple interest
using p = si ×100 /rt
300 is answer
Answered by
1
Time, T = 5 years
Rate, R = 4%
Principal, P = ?
Simple Interest, SI = PRT/100
or ₹60 = P×5×4/100
or P = ₹300
Rate, R = 4%
Principal, P = ?
Simple Interest, SI = PRT/100
or ₹60 = P×5×4/100
or P = ₹300
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