Question

The simple interest for 2 years is ₹ 50 and the compound interest is ₹ 52, then find the principal

Answer 1

principal = ?

rate = 50

time = 2 years

interest = p*r*t/100

52 = p*50*2/100

52= p*1*2/2

52= p*1

p = 1/52 is the answer