The amounts on a pricipal on 3 year & 4 year are 11050 and 11900 respectively . What is the principal?
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Step-by-step explanation:
We have,
(a) principal(p)=Rs1200
Rate(R)=12%
Time(t)=3year
S.I=
100
P×R×T
=
100
1200×12×3
=Rs432
amount=P+S.I
=1200+432
=1632
(b)P=7500
rate(r)=5%
T=3year
S.I=
100
P×R×T
=
100
7500×5×3
=1125
amount=7500+1125
=8625
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