if amount of a principal for the rate of 10% per annum for 5 yeqrs is 110 and si is 10 then what will be the principal
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Answer:
Step-by-step explanation:
Let Principal = Rs 100
For 1st year
P = Rs 100; R = 10% and T = 1 year
Interest = Rs
100
100×10×1
= Rs 10
Amount = Rs 100 + Rs 10 = Rs 110
For 2nd year
P = Rs 110; R = 10% and T = 1 year
Interest = Rs
100
110×10×1
= Rs 11
Amount = Rs 110 + Rs 11 = Rs 121
For 3rd year
P = Rs 121; R = 10% and T = 1 year
Interest = Rs
100
121×10×1
= Rs 12.10
Sum of C.I. for 1st year and 3 rd year = Rs 10 + Rs 12.10 = Rs 22.10
When sum is Rs 22.10, principal is Rs 100
When sum is Rs. 2,652, principal = Rs
22.10
100×2652
Ans = Rs.12,000
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