If Amount = Rs.1645.50, Simple interest = Rs.95, Principal is…….
Answers
Step-by-step explanation:
The Principal amount is 1550.50
If Amount = Rs. 1645.50 , Simple interest = Rs.95 , Principal is Rs. 1550.50
Given :
Amount = Rs. 1645.50 , Simple interest = Rs.95
To find :
Principal
Solution :
Step 1 of 2 :
Write down Amount and Simple interest
Here it is given that
Amount = Rs. 1645.50
Simple interest = Rs. 95
Step 2 of 2 :
Find the Principal
We know that ,
Amount = Simple Interest + Principal
⇒ Principal = Amount - Simple Interest
⇒ Principal = Rs. 1645.50 - Rs. 95
⇒ Principal = Rs. 1550.50
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