find principal 15%; time 73 days interest rs225
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the principal.Rate of interest: The interest paid on Rs.100 for one. ... For converting time in days into years, divide th number of days by 365 (for ordering or lap year.) ... Examples to find or calculate simple interest when principal, rate and time are known .... Therefore The sum is $ 5000 and the rate of interest is 15%. 4.
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If the interest is simple then we have the formula PxRxT/100
But time is in days and we need year for the formula so we can convert it in year by dividing by 365
So we have
225=Px15x73/100x365
P=225x100x365/15x73
P=7500 is principal value
But time is in days and we need year for the formula so we can convert it in year by dividing by 365
So we have
225=Px15x73/100x365
P=225x100x365/15x73
P=7500 is principal value
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