(1) Find the sum which gives Rs. 1200 interest at 5% for 3 years. – InterviewSolution

1.

(1) Find the sum which gives Rs. 1200 interest at 5% for 3 years.

Answer»

Answer

Let PRINCIPLE amount be P

Interest is 1200

Time period is 3yrs

Rate is 5%

So 1200=

100

P×5×3

P=

15

1200

×100=₹8000

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