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Question
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ...... | 5% | ...... | 6000 | 18000 |
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Solution
Given:
Total Amount (A) = 18000 rupees
Total interest (I) = 6000 rupess
Formula:
Now, Principal (P) = Total Amount − Total interest
Solution:
Principal (P) = 18000 − 6000
= 12000 rupees
Rate of interest (R) = 5%
Time (T) = `("I"xx100)/("P"xx"R")`
= `(6000xx100)/(12000xx5)`
= 10 years
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 12000 | 5% | 10 years | 6000 | 18000 |
RELATED QUESTIONS
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| October 27th, 2006 | To Self | 2690 | - | 2690 |
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| December 23rd, 2006 | By Transfer | - | 2920 | 6260 |
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Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 4200 | 7% | 3 years | ...... | ...... |
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ...... | 6% | 4 years | 1200 | ...... |
