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
amount=4000, time =4years, rate of interest=6.25% per annum
let the principal be Rs. 100.
therefore simple interest=100x4x6.25/100 = Rs25
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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