Question

find the sum if the interest paid after 3 year on it is 550/- at the rate of 5% interest per annum.​

Answer 1

Step-by-step explanation:

$i = \frac{pnr}{100} \\ i = 550 \\ n = 3yrs \\ r = 5\% \\ 550 = \frac{p \times 3 \times 5}{100} \\ p = \frac{550 \times 100}{3 \times 5} \\ p = 3666.666$

So principal =Rs.3666.67(approximate value )

Answer 2

Answer:

Step-by-step explanation: