Find the principal which will earn an interest of ₹325 at 4 1/3 % per annum in 8 1/3 years
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Answered by
4
Answer:
900
Step-by-step explanation:
Given:
Interest = 325, Time = 8 (1/3) = (25/3), R = 4(1/3)% = 13/3.
To Find:
Principal = ?
Solution:
I = PTR/100
==> 325 = (P * 25 * 13)/(9 * 100)
==> 325P = 292500
==> P = 900
Result :
Principal = 900.
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