Question

Find the principal when:
(i) Simple interest = * 100, Rate = 5% per annum,
time = 2 years.
​

Answer 1

Answer:

1000

Step-by-step explanation:

We know simple interest is given by

$\frac{PRT}{100}$

$100 = \frac{p \times 5 \times 2}{100}$

$p = \frac{ 100 \times 100 }{10} = 1000$

Answer 2

Answer:

p= 1000

Step-by-step explanation:

simple interest= (principal*time*rate)/100