interest is 126 at 3 % p.a. at the end of 5 years find the principle
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Answered by
0
Answer:
Time = 5 years,
Interest = $ 500,
Rate = 5% p.a.
Principal = (100 × Interest)/(Rate × Time)
= (100 × 500)/(5 × 5)
= 50000/25
= 2000
Therefore, Principal (P) = $ 2000.
Step-by-step explanation:
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Answered by
2
Time = 5 years,
Interest = $ 126
Rate = 3% p.a.
Principal = (100 × Interest)/(Rate × Time)
= (100 × 126)/( 5×3 )
= 12600/15
= 840 ...
Therefore , the principle is $840
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