Question

find the principal that will amount Rupees729•60
at 7% per annum in 4 years

Answer 1

Let the principal be Rs.p
Amount =Rs.729.60
S.I=729.60-p
Rate=7%, Time=4years
Principal= S.I× 100/Rate×Time
=729.60×100/7×4
=260.57 Rupees