Question

Ravindra deposited some money in a bank , which pays ₹1200 interest after 4 years at the rate of 15% per annum .Find the principal amount he has deposited.​

Answer 1

Given : Rate of interest = 15 %

Time period = 4 years

Principal = ?

Interest = ₹ 1200

p = SI × 100 / R × T

=1200 × 100 / 15 × 4 = 120000 / 60 = 2000

So , the pricipal is ₹ 2000.

hope it help...

Answer 2

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Your answer is 2000 ..