Question

jaran earns $250 a instrest after 5 year at the rate of 4%p.a find the principle​

Answer 1

Answer:

P = $1,250

Step-by-step explanation:

Simple Interest = $250

Time = 5 years

Rate = 4% p.a

Simple Interest = (P × R × T)/100

$250 = (P × 4× 5)/100

$(250×100) = 20P

$25,000 = 20P

$(25,000/20) = P

P = $1,250