Question

Interest for 1 year on Rs 11000 at the rate of 12 p.c.p.a. is Rs 1320. Therefore, Principal = __________, Rate of interest = _________ , Period =________ years; Interest = _________ *​

Answer 1

Answer:

Let the principal at the end of first year be Rs. x.

Then 100x×10×1​=1320

or x=13200

Now, let the original principal be Rs. P.

Then, the amount after 1 year =P+100P×10×1​=1011P​

1011P​=13200

or P=(1113200×10​)=Rs.12000

Answer 2

Step-by-step explanation:

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