SI = 7300 at R = 12% P.a for the period from 5 th jan 2007 to 18th April 2007
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No. of days 104
P=100xI/NR
= 100x7300/(104/365) x 12
= Rs.217262
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0
Answer: The principal amount is 214000 rs.
Step-by-step explanation:
Given:
Simple interest (SI)= Rs 7300
Rate of interest per anum = 12%
∴ Rate of interest per day = 12/365 = 0.0328%
Time period = 104 days
To find: Principal amount(P)=?
Formula: P=100*SI/T*R
P=100*7300/104*0.0328 = 214000
Thus, the principal amount is 214000 rs.
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