Question

Find the principal when simple interest is 60 at 4% per annum for 4years

Answer 1

(Note:SI=simple interest,P=principal,R=rate,T=time)
SI=PxRxT/100
therefore-
P=SIxRxT/100
Given-SI=60
R=4
T=4
Therefore P=
60x4x4/100
=375

Answer-Principal=375