Find the principal
anual rate of intrest =11%
period= 3 years
total interest= 825 rupees
find the principal rupeer
Answers
Answered by
1
(SI×100)÷T×R
SI=825
RATE=11%
Time=3 years
Step-by-step explanation:
(825×100)÷11×3
82500÷11×3
7500×3
22500
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➤ Given :-
Rate of interest :- 11%
Time :- 3 years
Simple Interest :- ₹ 825
➤ To Find :-
Principle amount of the given sum..........
➤ Formula required :-
➤ Solution :-
Rate of interest :-
The principle of the given sum is ₹ 2500.
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Some related formulas :-
Simple Interest :-
Rate of interest :-
Time :-
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More to know..............
- Simple interest is used in all over the world. It is mainly used to calculate the extra amount to be given from borrower to lender, when a person borrows money from a bank or any other person.
- Principal amount is given at first from lender to borrower in which the borrower gives it back with interest.
- Rate of interest is the extra amount to be paid for lender at end of time period,which is always written in percentage form.
- Time is given for borrower to return back the amount to lender with the given interest.
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