Question

Find the principal which will amount to Rs. 2000 4. (a) in 6 years 8 months at the rate of interest 5% per annum. ​

Answer 1

Answer:

Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years. We know that simple interest = (P × T × R)/100 On substituting these values in above equation we get SI = (2000 × 5 × 5)/100 = Rs 500Read more on Sarthaks.com - https://www.sarthaks.com/685722/find-the-simple-interest-when-principal-rs-2000-rate-of-interest-5-per-annum-and-time-years