Question

What principal will amount to ₹900 in 6years at 10% simple interest.​

Answer 1

Answer:

₹562.5

Step-by-step explanation:

Formula:-

S.I. $=\frac{PRT}{100}$

Where,

P=principal

R= rate of interest = 10%.

T = time = 6years.

A = Amount = ₹900

S.I = Amount - P = 900-P

Plug all values into the formula.

$900-P=\frac{P(10)(6)}{100}$

Simplify.

$900-P=0.6P$

$900=P+0.6P$

$900=(1+0.6)P$

$900=(1.6)P$

$\frac{900}{1.6} =P$

$562.5 =P$