Question

What is the principal, If the interest is ₹ 35 for 1 year at 7.p.c.p.a?​

Answer 1

Given,

Rate of Interest. = 7%. = R

Time (i) = 1

Total interest (i) = 35 R₂

P = I X 100

RXT

35x100

7x1

P = 500 Rs

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