Maths-

General

Easy

Question

# On what principal will the simple interest be Rs. 7008 in 6 years 3 months at 5% per annum?

Hint:

### Using the formula of simple interest, find the principal amount.

## The correct answer is: 22425.6 Rupees.

### Complete step by step solution

Let the principal amount = P

It is given that time (T) = 6 years 3 months = 6.25 years and

Rate of interest (R) = 5%

Interest amount = Rs 7008 (given)

We know the formula of Simple Interest .

On substituting the known values, we get

On multiplying 100 on both sides, we get 700800 = 31.25P

Divide on both sides by 31.25.

On dividing, we get P = Rs 22425.6

Hence the principal amount P = 22425.6 Rupees.

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