a principal becomes 10050 at the rate of 10% in 5 years. find the principal.
Answers
Answered by
1
Answer:
20100
Step-by-step explanation:
i=ptr/100
p is principal amount
Answered by
3
Given:
We have given the principal becomes 10050 at the rate of 10% in 5 years.
To Find:
We have to find the principal amount?
Step-by-step explanation:
- We have the total amount which is rupees 10050.
- The formula of simple interest is given by the
- Now we know the total amount is given by the simple interest added by the principal amount.
- Let the principal amount be rupees x.
- We have the value rate of interest is R which is 10, Time which is T,5 years. Put these values in the formula of simple interest.
- Now simplify the above equation we get
- Now we know S.I+principal amount =total amount
- Now take the lcm of the above left-hand side and simplify the above equation.
Hence,the principal amount is rupees 6700.
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