Question

find principal for loan earned interest is 3500 with annual rate of 10% for 5 years?​

Answer 1

Answer:

take I = ptr/100

t = 5years

r= 10%

I= 3500 rs

p= ?

so, I=ptr/100 for p value is p=I×100/tr

put the vallues in the formula,

p=3500×100/5×10

=350000/50

=35000/5

p=7000rs ✓

Step-by-step explanation:

thank you for giving me a chance to share my knowledge with you and all the best for your future endeavours. take care study hard

Answer 2

7000 is the principal amount for loan.

It is given that, interest = 3500

                         annual rate = 10%

                          time = 5years

We have to find the principal amount for loan earned interest is 3500 with annual rate of 10% for 5 years.

We know that, $Interest = \frac{principal * rate * time}{100}$

⇒                       $Principal = \frac{interest * 100 }{ rate * time}$

                                          $= \frac{3500* 100}{10* 5}$

                                          = 7000

Hence, the principal amount for the loan is 7000.

#SPJ2