Principle = ? 2 Rate 16% per annum Time =2 year - SI=1000₹
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As we know that,
S.I.=100P×R×t
Given:-
S.I.=Rs.192
R=6%
t=4 years
P=?
Therefore,
192=100P×6×4
⇒P=2419200=Rs.800
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To find:- principle .
Given data: Rate = , time = years , S.I =
Solution :
- As per the data given in the question, we have to find the principle .
- We know that , the simple Interest of an amount is calculated by multiplying the interest rate by the principal amount and the time period. the time period in years.
- SI Formula will be :
- So, putting the value in formula. we get,
Hence, the principle is .
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