Question

Mr a took a loan for 5 years at 6% p.A interest.If total interest paid was rs2400,the principal would be

Answer 1

It is very simple here is your answer

Time is = 5 years

Interest % is = 6

Total interest is = 2400


Formula

$s.i. \: = \: principl \: \times \: rate \: \times \: time \: \div 100$
But we want principal then formula is


$principl \: = \: s.i. \: \times \: 100 \: \div \: rate \: \times \: time$
Principle = 2400 × 100 ÷ 6 × 5

Pricipal is = 8000


Your answer is 8000.

I hope it's helpful for you. Thank you