Question

find the principle on which the simple interest for 3 whole 1 / 2 year at 4% amount to 1026 rupees​

Answer 1

Use the formulae I=PRT/100,Where P the principal,R the rate of interest,T the time period. In this question I=1026,R=4,T=3.5 & P=? simply P=100I/(RT)=100×1026/(4×3.5) = 100×73.2864=Rs7328. 64 or Rs 7329.00 Ans