Question

if the simple interest on a certain sum of money is rs 1500 at a rate of 8.3% per annum for 5 years. then find the principle​

Answer 1

Answer:

SI =1500×5×8.3/100

1500×5×83/100×10

622500/1000

622.5

Answer 2

Given:

Simple interest (I) = rs 1500

r=8.3%

n=5

To find:

Principal=?

Solution:

we know that

$simple \: interest = \frac{pnr}{100}$

$1500 = \frac{p \times 5 \times 8.3}{100}$

$p = \frac{1500 \times 100}{5 \times 8.3}$

p=rs 3614.46