What sum will amount to rupees 6600 in 4 years at 8% per annum simple interest
Answers
Answered by
187
Hey Mate here is your Ans ❤❤.......
Let the principal be x Rs.
Amount= 6600Rs.
Rate of interest= 8%.
Time= 4years.
S.I=Amount - principal.
(P*R*T)/100= 6600-x.
(x*8*4)/100=6600-x.
32x=(6600-x)100.
32x= 660000- 100x.
100x+32x=660000.
132x=660000.
x=660000/132.
x= 5000Rs.
So Principal= 5000Rs.
Hope it helps.
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Answered by
10
We recall the concept of simple interest
Simple interest: It is determined by multiplying the interest rate by the principal by the number of days.
Given:
Simple interest
Amount is
Thus principal amount is equal to Rs
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