Question
Simple interest on a sum at 8% per annum for 3 years is
Rs. 1920. What is the principal?Solution
ATQ, SI = (P * R * T) / 100 1920 = (P * 8 * 3) / 100 1920 = (24P) / 100 1920 = (6P) / 25 1920 * 25 = 6P 48000 = 6P P = 48000 / 6 = 8000
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