On what principal, the interest is ₹1750 for 7 years at 5% per annum SI?
plz give answer in full statement with symbols and formulas.
Answers
Answered by
6
Answer:
Principal=p(let)
Time(t)=7yrs
Rate of interest() =5%p.a
Simple interest p't'r/100
=p7°5/100
ATP;
P"7*5/100=1750
Or, p*7°5-1750"100
Or, p=1750100/7*5
Or, p=5000
Ans; The principal is Rs 5000.
Answered by
8
Answer:
Given :
- A simple interest on ₹1750 for 7 years at 5% per annum.
To Find :-
- What is the principal ?
Solution :-
Let,
Given :
- Simple Interest (S.I.) = ₹1750
- Rate of Interest (R) = 5% per annum
- Time Period (T) = 7 years
According to the question by using the formula we get,
where,
- S.I. = Simple Interest
- P = Principal
- R = Rate of Interest
- T = Time Period
So, by putting those values we get,
By doing cross multiplication we get,
Hence, the required principal will be :
Principal :
The principal is ₹5000 .
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