What's up of money will amount to rs.3842 in years at 65 percent per annum simple interest
Monalisa111:
we need interest to find principle
what is the number of years? not mentioned in the question....
ya that is my doubt
sorry its 2 years
are u sure that the rate is 65
its not 65 its 6.5
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let the principle be rs y
y + simple interest = amount
(y x 6.5 x 2)/100 + y = 3842
13y/100 + y = 3842
113y/100 = 3842
y = 384200/113
= 3400
priciple = rs 3400
hope this helps
y + simple interest = amount
(y x 6.5 x 2)/100 + y = 3842
13y/100 + y = 3842
113y/100 = 3842
y = 384200/113
= 3400
priciple = rs 3400
hope this helps
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