Question

find the principal if it amounts to rupees 5175 in 2 years at 7.5 % simple interest​

Answer 1

Answer:

The principal amount is 34500 rupees

Therefore P=34500 rupees

Step-by-step explanation:

Given  that Amount is 5175 rupees in 2 years at rate of interest $7.5\%$

To find the principal amount for the given data :

$I=PRT$

$P=\frac{I}{RT}$

Here I=5175 rupees   $R=7.5\%$ and T=2years

Now convert the given rate of interest  $R=\frac{7.5}{100}$ as

R=0.075

• Substitute the value in $P=\frac{I}{RT}$ we get

$P=\frac{5175}{0.075\times 2}$

$=\frac{5175}{0.15}$

$=34500$

Therefore P=34500 rupees

The principal amount is 34500 rupees