Question

Find the principal if,
Interest = RS.2541
Time = 3 years 8 months
Rate = 10.5 %

Answer 1

Step-by-step explanation:

Given,

Interest(i)=Rs.2541

Time(t)= 3 yrs 8 moths=3⅔yrs

Rate(r)=10.5%

We know that,

I=(p×r×t)/100

=>2541=p×10.5×3⅔

=>2541=p×10.5×(11/3)

=>p×38.5=2541

=>p=2541/38.5

=>p=66