Question

FIND THE PRICIPLE IF THE INTREST EARNED IN 3 YEARS AT 5%
PER ANNUM IS 300

Answer 1

Answer:

Rs. 2000

Step-by-step explanation:

Let the principal be 'p'

interest earned , i = Rs. 300

time , t = 3.

rate of interest, r= 5%

we know that,

$i = \frac{p \times r \times t}{100}$

$= > 300 = \frac{p \times 5 \times 3}{100}$

$= > p = \frac{300 \times 100}{5 \times 3}$

So, P= 2000

Hence the principal is Rs. 2000