what sum will amount to Rs. 5430 in 6years at 13.2% p. a on simple interest
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what sum will amount to Rs. 5430 in 6years at 13.2% p. a on simple interest
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Answer:
S.I. = P×I×T
A = P+I
A = Accumulated amount
P = Principal
i = Annual intersr
I = Amount of interest
T = Time in years
Step-by-step explanation:
A = Rs 5430
i =13.2%
T= 6 years
5430 = P (1+13.2/100×6)
= P(1+0.792)
=P (1.792)
5430/1.792=P
P = Rs 3030 ( approx)
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