Question

Interest
= Rs. 1036.80
V A principal amount to 3 18924 20 24ears
by compound Interest at 18 pic.p.a.
Find the principal as to​

Answer 1

(1) Principal = Rs 9,000

Rate of interest = 10% p.a.

Number of years = 3 years

Simple Interest =Principal×Rate×Time100=9,000×10×3100= Rs 2700=Principal×Rate×Time100=9,000×10×3100= Rs 2700      

Amount = Principal + Interest = 9,000 + 2,700 = Rs 11,700

∴ The simple interest is Rs 2,700. 

And amount is Rs 11,700.