Question

If a sum of money produces ₹3900 as interest in 3 years and 3 months at 16% per year simple interest , find the principal

Answer 1

S.I = p×r×t/100

Step-by-step explanation:

given S. I =3900 ,T 3years 3months =1/4months, R= 16 %.fid principal ? 3900= p× 16×1/4/100 so answer is principal= 39