Question

Find the principal which gives an Amount of ₹ 4116 at the rate of 8% for 5 years.

Answer 1

Step-by-step explanation:

The principal which gives an amount of rs 4116 at the rate of 8% for 5 years is Rs.2940

Step-by-step explanation:

Let the principal be x

Amount = Rs.4116

Interest = Amount - Principal = 4116-x

Rate of interest = 8%

Time = 5 years

Simple interest =\frac{P \times T \times R}{100}

100

P×T×R

4116-x = \frac{x \times 5 \times 8}{100}4116−x=

100

x×5×8

100(4116-x)=x \times 5 \times 8100(4116−x)=x×5×8

411600-100x=40x411600−100x=40x

411600=140x411600=140x

\frac{411600}{140}=x

140

411600

=x

2940=x2940=x

Hence the principal which gives an amount of rs 4116 at the rate of 8% for 5 years is Rs.2940

#Learn more:

What is an amount which gives rs 6300 as interest at 7% per annum and time is 1 by 2 years . find the principal also

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