find the principal when the Simple interest is ₹21 at 4 1/2% p.a. at the end of 4 years and 8 months
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1
Answer:
Rs.26460
Step-by-step explanation:
First write down the information given:
S.I =Rs. 21
Time =4years 8 months(4+8/12 =14/3 years)or 14/3 years.
Rate =4 1/2% or 10/3
formula for finding principal
s.i = s.i ×100/R×T
so
21×100/10/3×14/3
=21×100×3×3/10×14
=Rs. 26460
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