Question

The simple interest on an amount at the rate of 7% per annum for five years is 3700. So how much is the principal?​

Answer 1

Step-by-step explanation:

$interest \: = \frac{p \times r \times t}{100}$

$p = principal \: amount \: \\ r = rate \\ t = time$

$p = \frac{3700 \times 7 \times 2}{100}$

$(zero \: will \: be \: canceled \: )$

$p = ₹518$

#its Sayan✌