What is the principal if the interest is Rs. 40 for one year at 8% p.a.
Answers
Answered by
1
Answer:
Principle is rs 500
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Answered by
3
Answer:
Principal (P) is Rs 500.
Step-by-step explanation:
Given :
- Interest (I) = Rs 40
- Time (T) = 1 year
- Rate (R) = 8%
We need to find the Principal (P).
P = 100 × I/R × T
⇒ P = 100 × 40/8 × 1
⇒ P = Rs 500
∴ Principal (P) is Rs 500.
More to know:
- I = P × R × T/100
- P = 100 × I/R × T
- R = 100 × I/P × T
- T = 100 × I/P × R
You can find the other formulae just by transposing, you need to memorize only one among these.
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