# On what principal will the interest be Rs.7008 in 6 years 3 months at 5% per year?

2
by singhsumita40
at CI or SI?
si

2014-09-28T09:10:13+05:30
Let principal amount is P
Time = 6 years 3 months = (6 + 3/12) years = 25/4 = 6.25 years
Interest (I) = 7008 rupees
Rate (R) = 5% per year
S .I =
or, 7008 =
or, P =
or, P = 112128/5 = 22425.6 rupees
therefore principal was 22425.6 rupees , whose S.I in 6 years 3 months is 7008 rupees.
it will be good to write amounts with Rs before and a comma to denote thousands.
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good job
2014-09-28T12:36:05+05:30
Interest=Rs.7008
Rate=5% p.a.
Time=6 years 3 months=25/4  years
Using Interest=Principal*Rate*Time/100,we get
Principal=100*Interest/(Rate*Time)
=100*7008/(125/4)
=22425.6
Ans;The principal is Rs.22425.6(at s.i.)
t will be good to write amounts with Rs before and a comma to denote thousands.
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