Question

() simple in
Find the principal when :
simple interest at 16% per annum for 23 years is 73540
simple interest at 7 per annum for 2 years 4 months is 2730.
() 7

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Answer 1

Answer:

here is your answer of question

Answer 2

Answer:

principal when :

simple interest at 16% per annum for 23 years is 73540

$si = \frac{prt}{100} \\ 73540 = \frac{p \times 16 \times 23}{100} \\ p = \frac{73540 \times 100}{16 \times 23 } = 19,983.70$

Similarly

$p = \frac{2730 \times 100}{7 \times 2.33} = 16,738.20$