Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs....

Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1344?

Quiz

Answer/Solution

1200

Steps/Work

1344 = P [1 + (5*12/5)/100]
P= 1200.Answer:A