anand took a loan for 6years at the rate of 5% p.a. simple interest. If the total interest paid was Rs.1230, then find the principal?
Rs. 4100
Rs. 5100
Rs. 4900
Rs. 4400

Question

Naganjaneyulu Nadendla · Answer

1230/6=205...i.e one year interest, which is equal to 5%....then 100%= 4100

Pradeepa Veeramani · Answer

P= 1230*100/6*5
P= 123000/30
P= Rs. 4100.

anand took a loan for 6years at the rate of 5% p.a. simple interest. If the total interest paid was Rs.1230, then find the principal? Rs. 4100 Rs. 5100 Rs. 4900 Rs. 4400

Join CAT 2026 course by 5-Time CAT 100%iler

Download resources