Question

if the money invested in a bank by a person is not given and rate of interest is 6%, time is 4 years and the interest on money invested is 1200rup how much money did he invested?

Answer 1

Heya user ,
Here is your answer !!

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Let the principal be x .
Time taken = 4 years .
Rate = 6% per annum .

So , interest should be
 = P * R * T /100 
= x * 6 * 4 / 100
= 6x / 25 .

Now , according to the question ,
6x / 25 = 1200
=> x = 1200 * 25 / 6
=> x = 5000 . { Answer }

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Hope it helps !!