Question

Find the principal when simple interest at 5% p.a. for 15 years is rupee 2,500.​

Answer 1

Answer:

1875 rupees

Step-by-step explanation:

pnr/100 is the formula for simple interest

p is the principal

n is the number of years

r is the rate of interest

so, multiply p into r into n

(2500)(15)(5)/100 =187500/100 =1875 rupees