a man earned and interest of 240 in 4 years at 20%per annum simple interest. calculate the principal
2 answers:
We need I = prt.
240 = p(0.20)(4)
240/[(0.20)(4)] = p
Use your calculator to calculate the left side.
Answer:
Step-by-step explanation:
P x 20/100 x 4=240
1/5 x 4p =240
4/5p x5=240 x 5
4p/4=1200/4
p=300
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