find the unknown quantity principal=?rate=3.5percent time=2years simple interest=? and amount=₹535
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Answered by
7
Given
Principal Amount= P = ?
Rate of Interest Per annum= R= 3.5%
Time = T = 2 years
Amount = 535
We know that
Amount= P(1+TR)
535=P(1 + 2×3.5/100)
535=P(1 + 0.07)
535 =P(1.07)
535/1.008 = P
500= P is the Principal Amount
Simple Interest= Final amount - Principal Amount
= 535 - 500 = 35
Read more on Brainly.in - https://brainly.in/question/5812865#readmore
Principal Amount= P = ?
Rate of Interest Per annum= R= 3.5%
Time = T = 2 years
Amount = 535
We know that
Amount= P(1+TR)
535=P(1 + 2×3.5/100)
535=P(1 + 0.07)
535 =P(1.07)
535/1.008 = P
500= P is the Principal Amount
Simple Interest= Final amount - Principal Amount
= 535 - 500 = 35
Read more on Brainly.in - https://brainly.in/question/5812865#readmore
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