principal =?, Rate of interest per annual =12percent, Time period =5/2 – InterviewSolution

1.

principal =?, Rate of interest per annual =12percent, Time period =5/2 years , SI rupees 1200 , Amount =?

Answer»

SIMPLE Interest (SI) = RS.1200

Rate (R) = 12%

Time (T) = 5/2 years

SI = PRT/100

=> 1200 = P×12×5/2×1/100

=> 1200 = P×3/10

=> P = Rs.4000

Amount = P+SI = Rs.(4000+1200) = Rs.5200

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