Question

What principal will amount to Rs 16240 in 4 years at 4 % per annum simple interest ?

Answer 1

Answer:

14000

Step-by-step explanation:

Amount = principal+ interest

let principal is X, and interest = (P * R * T) / 100

now, Amount = X + ( X * 4 * 4)/100

16240 = X + 0.16X

16240 = 1.16X

X = 16240/1.16

X = 14000 rs.

hence principal is 14000 rs.

Answer 2

Step-by-step explanation:

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