Question

If principal is rs.
400,rate of interest=5%,time=3years then find simple interest​

Answer 1

Answer:

PRINCIPAL (P) =£400

R =5%

N =3YEARS.

APPLYING FORMULA = P(1+R/100) n

=400(1+5/100)2sq

=(401/100)(401/100)

THEREFORE PRINCIPAL=16.0801