Given that I = ₹ 432 , R = 6 % and T = 3 years.
Let the sum of money or principal be P
I = PRT100
432 = P×6×3100
P = 432×1006×3
= 144×1006
= ₹ 2400
The simple interest on a certain sum of money for 3 years at 6% per annum is ₹ 432. Find the Principal