Question

Principal= ?
Rate of interest per annum= 3.5%
Time period= 2 years
Simple Interest= ?
Amount= Rs. 535​

Answer 1

Answer:

A = 535$

R% = 3.5%

T = 2 Years

SI = A - P

SI = 535 - P

P = 535 - SI

By SI formula

SI = (P*T*R)/100

SI = ((535-SI)*2*3.5)/100

100SI = (535-SI)*7

100SI = 3745 - 7SI

100SI + 7SI = 3745

107SI = 3745

SI = 3745/107

SI = 35$

P = A - SI

P = 535 - SI

P = 535 - 35

P = 500$