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Find the principal if : a. the interes...

Find the principal if :
a. the interest is `₹2880` at `8%` p.a. for `3` years.
b. the interest is `₹360` at `5%` p.a. for `4` years.

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The correct Answer is:
To find the principal amount for both parts of the question, we will use the formula for Simple Interest (SI): \[ SI = \frac{P \times R \times T}{100} \] Where: - \( SI \) = Simple Interest - \( P \) = Principal - \( R \) = Rate of Interest (per annum) - \( T \) = Time (in years) ### Part A: Given: - Simple Interest (SI) = ₹2880 - Rate of Interest (R) = 8% - Time (T) = 3 years 1. Substitute the values into the formula: \[ 2880 = \frac{P \times 8 \times 3}{100} \] 2. Simplify the equation: \[ 2880 = \frac{24P}{100} \] 3. Multiply both sides by 100 to eliminate the fraction: \[ 288000 = 24P \] 4. Divide both sides by 24 to solve for P: \[ P = \frac{288000}{24} \] 5. Calculate the value: \[ P = 12000 \] Thus, the principal amount for part A is **₹12000**. ### Part B: Given: - Simple Interest (SI) = ₹360 - Rate of Interest (R) = 5% - Time (T) = 4 years 1. Substitute the values into the formula: \[ 360 = \frac{P \times 5 \times 4}{100} \] 2. Simplify the equation: \[ 360 = \frac{20P}{100} \] 3. Multiply both sides by 100 to eliminate the fraction: \[ 36000 = 20P \] 4. Divide both sides by 20 to solve for P: \[ P = \frac{36000}{20} \] 5. Calculate the value: \[ P = 1800 \] Thus, the principal amount for part B is **₹1800**. ### Summary of Solutions: - Principal for Part A: ₹12000 - Principal for Part B: ₹1800
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