Question

Find the principal that will yield a simple interest of Rs 9000 in 5 years at a rate of 6% per annum.

Answer 1

A =?

P= 9000

t = 5 yrs

r = 6% = 0.06

A = p(1+r)^t

A = 9000(1+0.06)⁵

A = 9000× 1.338

A = 12044 Rs.

Answer 2

9514 1404 393

Answer:

₹ 30000

Explanation:

The simple interest formula is ...

I = Prt . . . . . . principal P invested at rate r for t years

Fill in the values you know, and solve for the one you don't know.

9000 = P(0.06)(5)

9000/0.30 = P = 30000

The principal that will give ₹9000 in interest is ₹30000.