find the principle on which a simple interest of rupees 55 will be obtained after three months at the rate of 3 side two upon three percent per annum
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Step-by-step explanation:--
Given :-
Simple interest, SI = 55
Time, t = 3 months =
Rate, r = % = %
To Find :-
Principle (P)
Formula to be used :-
SI = P × R × T/100
Solution :-
SI = P × R × T/100
P = 100 × SI/R × T
P = 55 × 100 × 3 × 12/11 × 3
P = 198000/33
P = 6000
Hence, the principle is 6000.
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