Question

The maturity value after three years of certain sum at 15% p.A simple interest is 8700 find the principal amount

Answer 1

Answer:

Rs 6000

Step-by-step explanation:

let principal amount=100x

interest=100x*3*15/100=45x

maturity amt=100x+45x=145x

given 145x=8700

x=8700/145

=60

so principal amount 60*100=Rs 6000