Find the principal which will amount to Rs.4,000/- in 4 years at 6.25% per annum?

Asked by naveena | 22nd Oct, 2013, 07:58: PM

Expert Answer:

amount=4000, time =4years, rate of interest=6.25% per annum

let the principal be Rs. 100.

therefore simple interest=100x4x6.25/100 = Rs25

Amount= principal+interest=100+25=125/-

If amount is Rs. 125 principal is Rs. 100

If amount is Rs 4000 principal =100x4000/125=3200/-

Answered by  | 22nd Oct, 2013, 10:10: PM

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