what principal will earn an interest of 420 at the rate of 2 %per annum in 3 years
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Heya friend,
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Given that
S.I. = ₹420
Rate of Interest = 2 % per annum
Time = 3 years
S.I. = P×R×T/100
420 = P×2×3/100
=> 420 = 3P/50
=> P = 420×50/3
=> P = ₹7,000
Hence, the principal is ₹7,000.
Thanks
With regards@
Tanisha
◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆
Given that
S.I. = ₹420
Rate of Interest = 2 % per annum
Time = 3 years
S.I. = P×R×T/100
420 = P×2×3/100
=> 420 = 3P/50
=> P = 420×50/3
=> P = ₹7,000
Hence, the principal is ₹7,000.
Thanks
With regards@
Tanisha
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