find the principal of the following SI 300 time 3years Rate5%
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Step-by-step explanation:
principle equal to 2000
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S O L U T I O N :
Given :
- Simple Interest, (S.I) = Rs.300
- Time, (T) = 3 years p.a.
- Rate, (R) = 5% p.a.
Explanation :
As we know that formula of the simple interest;
=> Simple Interest = P×R×T/100
A/q
=> Simple Interest = PRT/100
=> Principal = S.I × 100/RT
=> Principal = 300×100/5 × 3
=> Principal = 30000/15
=> Principal = Rs.2000 .
Thus,
The Principal of the Interest will be Rs.2000 .
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