Question

If C.I. is ₹2540 and Principal is ₹6000, the amount will be​

Answer 1

Given:

C.I. is ₹2540 and Principal is ₹6000

To find:

The amount

Solution:

The compound interest, C.I. = Rs. 2540

The sum of money, P = Rs. 6000

To solve the given problem we will use the following formula of compound interest:

$\boxed{\boxed{\bold{Compound\:Interest = Amount - Principal}}}$

Now, by substituting the values of Principal and Compound Interest in the formula of compound interest above, we get

$Compound\:Interest = Amount - Principal$

$\implies Rs.\:2540 = Amount - Rs.\:6000$

$\implies Amount = Rs.\:6000 + Rs.\:2540$

$\implies \bold{Amount = Rs.\:8540}$

Thus, the amount will be → Rs. 8540.

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