Q. Amount received after 4 years is Rs. 5040 at 8% simple interest. Find the principal.
β
Correct Answer: (B)
Rs. 4200
Explanation: Amount = P(1.32) βΉ P = 5040/1.32 = 4200.
Explanation by: Mr. Dubey
Amount = P(1.32) βΉ P = 5040/1.32 = 4200.