What principal will yield ₹500 as simple interest at 16% per annum in 5 years. *
₹550
₹1000
₹80
₹625
Answers
Answered by
1
Step-by-step explanation:
=2yaers3months
T=2+
12
3
=
4
9
years
S.I.=
100
P×R×T
S.I.=
100
170.10×6×
4
9
Rs22.9635
The required sum of money is Rs22.9635
Answered by
0
Answer:
given:
rate of interest( i )-16℅
no of years (n) - 5 yrs
principle(p) - ?
Interest for 5 years(SI) = 500
Step-by-step explanation:
SI= Pni
500 = p*16℅*5
500 = 0.80p
p = 500/0.80
p = 625.
principle is Rs. 625
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