Find the principal when The Simple interest is 192 rate of interest 6%time is 4 years
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☆ Solution ☆
Given :-
- Simple Interest = 192
- Rate of interest = 6 %
- Time = 4 years
To Find :-
- The principal amount.
Step-by-Step-Explaination :-
As we know that :-
Simple Interest = Principal × Time × Rate
Putting the respective value,
192 = P × 4 × 6 / 100
192 × 100 = 24p
19200 = 24p
p = 19200/24
p = 800
Hence,
The principal amount = 800
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