Question

find the principal amount : interest rate = 2% , interest earned = $350 , time = 10 years

Answer 1

Answer: 1750

Step-by-step explanation:

SI=$\frac{PRT}{100}$

P=x

SI=350

R=2

T=10

350=$\frac{x*2*10}{100}$

350=$\frac{x}{5}$

350×5= x

1750=x

principal amount is rupees 1750