what principal will be amount of 3960 in 7 year at 14%?
Answers
Answered by
2
Answer:
principal = 2000
Step-by-step explanation:
Simple interest = PTR / 100
= X x 7 x 14 / 100
= 49x / 50
Amount = P + Simple interest
3960 = x + 49x / 50
3960 = 50x/50 + 49x/50
3960 = 99x / 50
3960 x 50 = 99x
198000 = 99x
x = 198000/99
x = 2000
Principal is Rs.2000
Answered by
0
Answer:
2000
Step-by-step explanation:
Amount = 3960
time = 7 yrs
Rate = 14%
P = 100 × A / 100 + (R × T)
= 100 × 3960 / 100 + ( 14 × 7)
= 396000 / 198
= 2000
Principal = ₹ 2000
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