The simple interest on a certain principal for 6 years is *990. If the rate of
interest is 11/2 % per year, find the principal.
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Step-by-step explanation:
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Answer:
Step-by-step explanation:
given⏩
Rate = 5%
SI = RS 990
Time = 6years
To find⏩
principal=?
solution ⏩
SI=(P×R×T)/100
990=(P×6×5)/100
990×100/30=P
99000/30=P
3300=P
So principal is 3300 RS
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