A person borrowed a sum of money for 11 years from a bank to buy a car at 6% per annum rate of intrest. At the end of the sipulated time, he paid back 398400 to the bank. Calculate the principal. Please solve this for me its urgent.

A person borrowed a sum of money for 11 years from a bank to buy a car

1.	A person borrowed a sum of money for 11 years from a bank to buy a car at 6% per annum rate of intrest. At the end of the sipulated time, he paid back 398400 to the bank. Calculate the principal. Please solve this for me its urgent.
Answer» 240000Step-by-step explanation:1 LET the principal be 100Interest= Prt/100 = 100611/40 = 66therefore, amount = p+I = 100+66 = 166 if amount 166, then principal = 100if amount 1, then principal = 100/166if amount 398400, then principal = (100/166*398400)= 240000