I f the rate of simple interest is 12% per annum the amount that would fetch interest of TK. 6000 per annum is ?

I f the rate of simple interest is 12% per annum the amount that would fetch interest of TK. 6000 per annum is ? Correct Answer Tk. 50000

We know, I = Prn ⇒6000 = p×(12/100)×1⇒P×12×1 = 6000×100⇒ P = 600000/12∴ P = 50000 TK. 
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