what is the principle if the simple interest at the rate of 12.5%for 2years is Rs400?
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Answer:
Answer : 1600
\rule{100}2
Given :
Simple Interest ( SI)= Rs. 400
Rate (R) = 12.5%
Time (T) = 2 years
To Find :
Principal
Formula used :
\sf\red{Simple\:Interest} = \dfrac{Principal\times Rate\times Time}{100}SimpleInterest=
100
Principal×Rate×Time
SolUtion :
First of all, put the given values in the formula.
We get,
\sf {400}=\dfrac{P\times 12.5\times 2}{100}400=
100
P×12.5×2
\sf\implies {P}= \dfrac{400\times 100}{2\times 12.5}⟹P=
2×12.5
400×100
\sf\implies {P}\:=400\times 4⟹P=400×4
\sf\therefore P\:=1600∴P=1600
Hence,
Principal is 1600 for the given S.I.
Step-by-step explanation:
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