what sum will amount to 6600$ in 2years at 10% per simple interest
Answers
Answered by
1
Answer:
The principal amount is ₹5500. Step-by-step explanation: Let the principal amount be x.
Answered by
1
Answer:
The principal amount is ₹5500.
Step-by-step explanation:
Let the principal amount be x.
It is given that the sum in 2 year at 10% per annum simple interest amount to ₹6600.
Formula for simple interest.
S.I = p×r×t/100
here,
s.I = x × 10 × 2 / 100
S.i = 0.2x
Amount = p + I
A = x + 0.2x
6000 = 1.2x
6000/1.2 = x
5500 = x
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