find the principal amount (P) for the following cases.( a) r = 2.5 %, n = 2 years, I = 100. solution
Answers
Answered by
1
Answer:
p= I/ rn = 100× 100/ 2×2.5= 2000 tk
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Answered by
10
Answer:
Given :-
- The rate of interest is 2.5%, time period is 2 years and the simple interest is Rs 100.
To Find :-
- What is the principal amount (P).
Formula Used :-
Principal Formula :
where,
- P = Principal
- S.I = Simple Interest
- R = Rate of Interest
- n = Time Period
Solution :-
Given :
- Rate of Interest = 2.5%
- Time Period = 2 years
- Simple Interest = Rs 100
According to the question by using the formula we get,
The principal amount is Rs 2000 .
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