Question

Find the principal that will amount to Rs 2360 in 3 years at 7%p.a.
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Answer 1

Answer:

1735.29

Step-by-step explanation:

$amount = p + s.i$

$therefore \: \: si = a - p$

$principal = x$

$s.i = \frac{p \times r \times t}{100}$

$(2360 - x) = \frac{x \times 12 \times 3}{100}$

$236000 - 100x = 36x \\ 236000 = 136x$

$x = \frac{236000}{136}$

ANSWER

X=1735.29