Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was
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Answered by
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begin{aligned}
\text{S.I.} = \frac{P*R*T}{100} \\
=> P = \frac{S.I. * 100}{R*T}
\end{aligned}
By applying above formula we can easily solve this question, as we are already having the simple interest.
\begin{aligned}
=> P = \frac{1230 * 100}{6*5} \\
=> P = 4100
\end{aligned}
\text{S.I.} = \frac{P*R*T}{100} \\
=> P = \frac{S.I. * 100}{R*T}
\end{aligned}
By applying above formula we can easily solve this question, as we are already having the simple interest.
\begin{aligned}
=> P = \frac{1230 * 100}{6*5} \\
=> P = 4100
\end{aligned}
Answered by
0
Answer:
Sahil took the loan of Rs 1599
Hence Principal = 1599
Step-by-step explanation:
Sahil took loan for= 6 years
The rate of interest per annum = 5%
The total amount paid = Rs. 1230
S.I = P × R × T ÷ 100
S.I = P × 5 × 6 ÷ 100
S.I = P
Amount = Principal + S.I
1230 = P + P
1230 = P
1230× 13 ÷ 10 = P
P = Rs. 1599
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