1020-720=300( interest for 5 years) Per year interest 300÷5=60 Principal=720-60-60=600

Yes 600 is the correct answer but how

first we'll calculate the interest of 1 year 1020-720= 300(interest for 3 years) so interest for 1 year is 100 now we subtract 100*2 from 720 principal=520

CA Foundation doubt

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Asked by Praveen8 May 2024486 views

4 answers

Simar · 8 May 2024
1020-720=300( interest for 5 years) Per year interest 300÷5=60 Principal=720-60-60=600
Praveen · 8 May 2024
Yes 600 is the correct answer but how
Simar · 8 May 2024
600
Rounak · 8 May 2024
first we'll calculate the interest of 1 year 1020-720= 300(interest for 3 years) so interest for 1 year is 100 now we subtract 100*2 from 720 principal=520

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