Question

find the principal that will amount to rupees 3050 in 4 years at 5½% rate of interest​

Answer 1

Answer:

3050 in 4 years at 5 1/2 % rate of interest. If yes, then the answer is Rs. 2500

Step-by-step explanation:

i hope it's right

Answer 2

Given:

Amount = 3050

Time (T) = 4 years

Rate (R) = 5½ % [= 11/2 %]

Let the Principle be P

Simple interest (S.I.) = Amount - Principle

= 3050 - P

S.I. = (P×R×T)/100

3050 - P = (P×11×4)/(2×100)

3050 - P = 44P/200

610000 - 200P = 44P

610000 = 44P + 200P

610000 = 244P

P = 610000/244

P = 2500

Hence, Principle = 2500