Question

Kashi received rs 5200 for his money depositex in a bank for one year . If the rate of simple interest was 4% . How much did he deposited in bank?

Answer 1

Answer:

principal=5000

Step-by-step explanation:

total amount=5200

total amount=principal + interest

time=1 year

rate=4%

interest=P*R*T/100

therefore:5200=P+P*4/100

                         =P+P/25

                         =26P/25

this gives P=5200*25/26

                  =5000