1.

Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount is being 1120rs

Answer»

SI = P X R x T. DIVIDED by 100
SI = P x 5 x 12/5. Divided by 100
SI = 12P/100
Amount = SI + P
1120 = 12P/100 + P
1120 = 112P/100
P = 1120 x 100. Divided by 112
Principle = RS. 1000



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