Question

find the principal which gives an amount of rs 4116 at the rate of 8% for 5 years

Answer 1

this is the answer of your question

Answer 2

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 =$\frac{P \times T \times R}{100}$

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

$100(4116-x)=x \times 5 \times 8$

$411600-100x=40x$

$411600=140x$

$\frac{411600}{140}=x$

$2940=x$

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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