Question

Vipin took a loan for 6 years at 5% per annum simple interest . If tthe total interest paid was rs.1230/- , the pprincipal was

Answer 1

Answer:

Principal Amount is 4100

Step-by-step explanation:

P * T * R ÷ 100 = Amount

P * 6 * 5 ÷ 100 = 1230

30 P ÷ 100 = 1230

3P = 1230 * 10

3P = 12300

P = 4100