If the Simple Interest is Rs.904,Rate of Interest is 7%,Time period is 5 years what is the Principal?
Answers
Answered by
3
As , we know the formula of simple interest ( S.I.)
S.I. = P×R×T/100
we know
S.I. = Rs. 904
rate= 7% and
Time = 5 years
,P= x
904 = x × 7×5/100
=18080/7
= Rs. 2582.85
principal = Rs. 2582.85
S.I. = P×R×T/100
we know
S.I. = Rs. 904
rate= 7% and
Time = 5 years
,P= x
904 = x × 7×5/100
=18080/7
= Rs. 2582.85
principal = Rs. 2582.85
Similar questions