Question

it,is math,question principal-?,rate of intrest-3.5%,time-2year si-? amount-535

Answer 1

Hi ,

Rate of interest = R = 3.5%

Time = T = 2 years

Amount = A = Rs 535

Principal = P

P ( 1 + TR /100 ) = A

P [1 + ( 2 × 3.5 ) /100 ] = 535

P [ 1+ 7/100 ] = 535

P [ ( 100 + 7 ) /100 ] = 535

P ( 107 /100 ) = 535

P = ( 535 × 100 ) /107

P = Rs 500

Therefore ,

Simple interest ( S.I ) = A - P

= 535 - 500

= Rs 35

I hope this helps you.

:)