complete the table principal ? time 2 rate of interest p.a (R) in % 5 interest (I) p t r by 100 in rs 59 find the principal
please can any one answer my question
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Answer:
Principle is 590rs
Step-by-step explanation:
Simple interest is calculated with the following formula:
S.I. = P × R × T,
where
P = Principal,
R = Rate of Interest in % per annum,
and T = The rate of interest is in percentage r% and is to be written as r/100
So, 59 = P × (5/100) × 2
=> 59 = P × (10/100)
=> 59 = P × (1/10)
=> P = 59 × 10
=> P = 590
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