Question

Find the principal when SI=rs60,time=73days,rate p.a.=4%

Answer 1

Given,
SI = 60
Time = 73 days = 73/365 year
rate = 4%
P = SI × 100/ R × T
=> 60×100/73×4/365
=> 6000/292 / 365
=> 7500
P = 7500 .