Q2 of 30 Page 121

If a certain sum of money earns an interest of Rs 3,630 in 3 years at the rate of 11 p.c.p.a, what was the principal?

Given: simple interest (SI):= Rs. 3630, Rate of Interest (R) = 11% and Number of years (T) = 3year, Principal (P) = ?

As simple interest (SI):




⇒ 363000 = 33P


⇒ P = 11000


Principal (P) = Rs. 11000


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