Question 72

The simple interest on a principal for 6 months at an interest rate of 10% per annum is ₹ 100. What is the principal?

Solution

amount= $$\frac{P×R×T}{100}$$

Time =$$6\div12$$

amount= $$\frac{P×R×T}{100}$$

100 =$$\frac{P×10×6÷12}{100}$$

=Rs 2000

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