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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 |
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 |
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