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  • The simple interest on the principal amount 2 year is Rs 600 at the interest rate of 5 percent, find the principal amount.

The simple interest on the principal amount 2 year is Rs 600 at the interest rate of 5 percent, find the principal amount.

Answers (1)

Assume the principal amout is Rs P.

Simple interest = Principal amount x rate x time/ 100

P x 5 x 2/100 = 600

P = Rs 6000

Hence the principal amount is Rs 6000.

Posted by

Ravindra Pindel

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