Question

plzz solve this question ......​

Answer 1

Given: Monthly Interest of 20.

It means,

1 month = 20

12 months = 240.

So, I = 240

Then:

R = 6%

Time n = 1 year

∴ SI = (PTR/100)

⇒ P = (I * 100)/T * R

      = (240 * 100)/6

     = 24000/6

    = 4000.

Therefore, Capital = 4000

Hope it helps!