Scholarship Exam Preparation App
Class 6 - (Math )
Applied Mathematics - Simple interest and bank
The difference between 3 years and 5 years interest on a sum is 2000 rupees. The rate is 10%. How much principal?
a :
Rs 8000
b :
Rs 9000
c :
Rs 10000
d :
Rs 12000
Explanation :
Interest for 2 years=2000 ⇒ 2000=(Principal ×10×2)/100 ⇒ Principal =10000.