Question
Simple interest on a sum at 8% p.a. for 3 years is
₹1920. Find the principal and amount.Solution
ATQ, SI = (P×8×3)/100 = 24P/100 = 6P/25 6P/25 = 1920 => P = 1920×25/6 = 8000 Amount = 8000 + 1920 = 9920 Answer: Principal = ₹8000, Amount = ₹9920
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