Question

What principal will amount to rupees ₹1595 in 5 years at 9% simple interest.

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Answer 1

Step-by-step explanation:

TOTAL PAYMENT - 1986.57

TOTAL PRINCIPAL - 1595

TOTAL INTREST - 391.57

Answer 2

Answer:

Let the principal be x

rate of interest (r) =9%

time(t) =5 years

interest(I) =1595-x

We know that,

I=(prt) /100

or, (1595-x) (100) =45x

or, 159500-100x=45x

or, 159500=145x

or, x=159500/145

or, x=1100