Question

Find the principal.
Annual rate of interest = 6.5%
Period = 4
Total interest= 1222
Principal = ? rupees

Answer 1

Answer:

4700

Step-by-step explanation:

Formula for Principal

$(si \times 100) \div (t \times r)$

so,

(1222×100)/(4×6.5)

=122200÷26

=4700