Question

what principle will amount to 20800 in 2 years at the simple interest of 5 percent per annum ​

Answer 1

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Answer 2

Answer:

Principle = 20000

Step-by-step explanation:

Given:

Amount = 20800

Time = 2 years

Interest = 5% per annum

To find:

Principle for the amount to 20800 in 2 years at the simple interest of 5 percent per annum

Sol:

Amount = Principle(1+RT/100)

→P(1+2×2/100)=20800

→P(1+1/25)=20800

→P×26/25=20800

→P = 20800×25/26

→P = 20000

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