1.

Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was

Answer»

4100



S.I.=(P∗R∗T)/100
=>P=(S.I.∗100)/(R∗T)
 By applying above FORMULA we can easily solve this question, as we are ALREADY having the simple interest. 

=>P=(1230∗100)/(6∗5)
=>P=4100



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