Question

Please answer in brief with solution steps,

If ,
Rate of Interest=3.5%
Time=2 years
Amount=₹535
Then find,
Simple interest and principal..

Answer 1

hey mate

here is your answer

Answer 2

let the principal be "x"

simple interest = (principal × rate × time) /100
= (x × 3.5 ×2) /100
=7x/100

amount = principal + intrest
535 = x +7x/100
535 = (100x+7x) /100
535×100 = 107x
53500/107=x
500=x



principal= x
=500

simple interest=7x/100
=(7×500) /100
=3500/100
=35



Hope it helps!!!