Question

find the principal that will yeild an intrest ₹167.75in 3 1 /2 years at 3%per annum simple intrest​

Answer 1

Step-by-step explanation:

Principal = Interest × 100 / Rate × Time

P = 167.75 × 100 / 3× (3½ Years)

P = 167.75 × 100 / 3× 7/2 Yr's

P = 16775/21/2

P = 16775/10.5

P = 16775/10.5

P = ₹1597.15