What is the principal if the interest is 2000, rate p.c.p.a is 10% , period is 5 years
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Answer:
₹4000 is answer......
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here is your answer mate
Principal Amount Formulas
We can rearrange the interest formula, I = PRT to calculate the principal amount. The new, rearranged formula would be P = I / (RT), which is principal amount equals interest divided by interest rate times the amount of time.
so the answer is :
P=I/(RT)
= 2000/10x5
=1000
hope it helps
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