Question

The simple interest, on some principal for 3 years at 12 p.c.p.a.,
is 5400. What is the principal?
(1) 16.000 (2) 14.000 (3) *18,000 (4) 15,000
rest for 3 years on the
1
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Answer 1

Answer:

Simple interest = P×N×R /100

5400 = P×3×12/100

5400×100/3×12 = P

150×100 = P

15000 = P

Principle = 15000