Question

What principal will amount RS 20800 in 2 year at the simple interest of 5%per annum

Answer 1

Answer:

I=PRT/100

Let p be x

now x+I=20800

but I is xrt/100

x+ (xRT)/100=20800

x(1+(RT/100)= 20800

x(1+1/10)=20800

11x/10=20800

x=20800×10/11

x=18909.09