Question

the simple interest on a certain sum of the money at the rate of 4 percentage per annum for 3 years is rs. 12000. find the principal.​

Answer 1

Given:

• Simple Interest = ₹12000
• Rate = 4% p.a.
• Time = 3 years.

To find:

The principal

Formula used:

$\boxed{\bold{\red{P = \frac{S.I \times 100}{R \times T}}}}$

Answer:

Principal = $\frac{12000 \times 100}{4 \times 3}$

Hence, the principal is ₹1,00,000.

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