SOLUTION: What sum of money will amount to Rs.1800 in 5 years at 12% per annum simple interest ?

Question 1138722: What sum of money will amount to Rs.1800 in 5 years at 12% per annum simple interest ?
Answer by ikleyn(52806) (Show Source): You can put this solution on YOUR website!
.

P*(1 + 0.12*5) = 1800,


where P is the principal, i.e. the value under the question.


Simplify and solve


1.6*P = 1800


P =  = 1125.


ANSWER.  Rs.1125.

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