Question

Find the principal amount that gives a simple interest of. 17707 at 7 1/2 years at 8% rate per year​

Answer 1

Answer:

P = 29511.667

Step-by-step explanation:

Given:

Let the principal amount be 'P'

Simple Interest (S.I.) = 17707

Time(T) = 7 1/2 years => 15/2 years

Rate(R) = 8% p.a.

We know,  $S.I. = \frac{PRT}{100}$

Thus, P = 29511.667